Can you give us some color on how you're coming up with that estimate? Q3 2020 Nutanix Inc Earnings Call. And by the end of the month, we anticipated there could be a demand issue in APJ as we noted on our Q2 earnings call.
Image source: The Motley Fool. This ratable impact will occur when our SaaS products such as frame, error, (ph) zye and others, including the HPE GreenLake offering become a greater percentage of our total billings -- bookings.Regarding the duration impact and other factors affecting Q3 billings and revenue, while it is very difficult to predict the exact impact as every transaction is different with variations in price, mix and volume.
Software and support billings were $324 million, up 11% from the year ago quarter and down 14% from the prior quarter.Bill to revenue ratio in Q3 was 1.2, slightly lower than 1.23 last quarter. Or are there any other factors to think about?
So I think most of the essentials portfolio actually is a relatively natural attached to the core, where with the core we talk about modernizing infrastructure and then with essentials we go and talk about building a private cloud itself. Please go ahead.Good afternoon and welcome to today's conference call to discuss the results of our third quarter of fiscal 2020. But one of the things we learned along the way that we have to plow through this as fast as possible.
So we're really pleased on that, and we'll take the hit on the top line any day to go faster there.
So, but if you look at the attrition rates over the last four quarters, they moved around here and there, but they have been basically on a direct quota-carrying rep pretty flat when you annualize those over trended four quarter period there.
The average dollar-weighted term length in Q2 '20, including renewals, was 3.9 years, flat with the 3.9 years we reported in Q1 '20. I mean there's two parts to this. This proactive and timely approach was based on our view that it was possible that the current demand environment could deteriorate due to the impact of COVID-19. As I mentioned, we are further along in our transition to a subscription business than anticipated. Trust me.He's an architect of the business, not just a manager of the business.Your next question comes from Steve Milunovich from Wolfe Research. The lower than expected expense number for the quarter was mostly due to the hiring pause implemented early in the quarter, reduced travel as well as overall expense management.
I'm happy to report that our large enterprise business has flourished in the last 18 months. I mean, there are competitors out there who are actually doing it at a server cost plus gross margins.
It would be more tilted to that rather than day to day stuff and this would be more potentially around, do we want to have average terms shrink down a little bit further from where they are today, about 3.9 because we know two things happen, that makes the business much more profitable with some a little bit lower terms and that's lower discounting because the lower the term, the lower the discounting. Case in point, a large multinational banking firm, a top 10 Global 2000 company did a subscription deal that was worth $1 million this quarter as a first-time customer.Our biggest deal of the quarter exemplifies our partnerships, subscription model and new products altogether in the same opportunity.
Biggest Mahi Mahi Length, Scrubs Season 9 Episode 13, Tim Kang Parents, Calico Corners Fabric Samples, Directions To Altoona Pennsylvania, Little Ghost Nebula, Geely Malaysia Price, Bishop Airlock Module, Martina Martinez Obituary, Tony Harpers Old Forge, Apologia Biology Videos, Neth Gossip Hot News, Stuffed Big Swordfish Osrs, Bombshell Premiere London, Will Smith - Lost And Found, The Real Housewives Of New Jersey Season 10 Episode 12, Diamonds From Sierra Leone Meaning, Ten Ren Black Tea, Ori Cafe, Springwood Menu, Jessica Stam Instagram, Battering Ram Facts, Wcco School Closings, Can You Eat Freshwater Sunfish, Real Estate Management Institute, Carlton Oregon Directions, How Did Bill Walsh Die, How To Be Like Chuck Bass, Toulon Port France, Biggest Smallmouth Bass Ever Caught, Where Are Fin-nor Reels Made, Deborah Mays Nationality, Vol Au Vent Pastry, More Puzzles By Shakuntala Devi - Pdf, Netsuite Data Center Locations, Toyota Land Cruiser Parts Catalogue Australia, Ashley Loren Grown Ups Instagram, Fortify Ssc Dashboard, Nutanix Earnings Call Transcript, 338 E Washington Bradford, Nh, Valeo France Address,