"Intangible assets" are assets with a high value but no physical presence that provide a business with long-term financial value. Intangible assets that can be valued, sold separately from other assets, and sold by the company are those that can be identified. Examples of identifiable intangible assets include intellectual property, such as patents, trademarks, and copyrights, as well as non-cash government grants, such as broadcasting licenses or airport landing rights. A trademark is a sign that can be used to separate one company's products or services from those of other businesses. Trademarks are protected under intellectual property laws. Intangible assets are capitalized at fair value as of the date of acquisition rather than cost when acquired separately.
Nutanix gross value of intangible assets remained unchanged at $92.33 million in FY2022. In FY2022, the company's net value of intangible assets was $15.82 million. The Goodwill also remained unchanged in FY2022 at $185 million. The company's amortization expense for intangible assets was $76.50 million in FY2022.
The company's total assets increased by $88 million, from $2.27 billion in FY2021 to $2.36 billion in FY2022. The increase is primarily the result of an increase in Operating lease right-of-use assets of $12.83 million and an increase in Deferred commissions—non-current of $19.75 million.
The company’s gross value of Developed technology and Trade name remained unchanged in FY2022 as compared to FY2021. Also, its customer relationships were $8.8 million.
Nutanix Inc (Nutanix) is a provider of enterprise cloud platform. It offers unified enterprise applications, databases, virtual desktop infrastructure, and big data analytics. The company provides various solutions such as hybrid cloud, cloud native, business critical apps, databases, virtualization and cloud, and consolidated storage services, among others. It serves to automotive, consumer goods, financial services, education, energy, healthcare, manufacturing, media, retail, public sector, technology and telecommunications sectors. The company operates in Australia, Hong Kong, India, Japan, the Philippines, Israel, South Korea, the Netherlands, the US, Spain, the UK, Portugal, Italy, and France. Nutanix is headquartered in San Jose, California, the US.
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