Everpure, Inc. (PSTG), formerly Pure Storage, reports developments tied to enterprise data storage, data management, and AI-ready infrastructure. Company updates include platform announcements for Evergreen//One, FlashBlade//EXA, ActiveCluster support for file, and the Purity operating environment, along with partner-program changes and strategic technology relationships.
Recurring news also covers quarterly and full-year financial results, guidance commentary, non-GAAP performance measures, and corporate identity updates following the name change from Pure Storage to Everpure. The company frames its business around software-defined storage, high-performance data platforms, and services that support analytics, cyber resilience, cloud modernization, and enterprise AI workloads.
Pure Storage (NYSE: PSTG) has announced the launch of AIRI//S, a next-generation AI-ready infrastructure developed in collaboration with NVIDIA. This innovative platform simplifies and scales AI data pipelines, enabling enterprises to enhance their AI initiatives. AIRI//S features advanced performance, power efficiency, and scalability, supporting diverse workloads from startups to large organizations. With Evergreen models for flexible consumption, this solution addresses the common challenges of traditional AI infrastructures, driving faster insights and greater efficiency.
At Pure//Accelerate techfest22, Pure Storage (NYSE: PSTG) honored six customers with the Breakthrough Awards for their exceptional use of Pure's data storage technology. Companies like Barclays, Ford, and SiriusXM were recognized for innovation and success amidst global challenges, emphasizing sustainability. Notable achievements include SiriusXM's total migration to Pure's infrastructure, Barclays' 99.9999% storage uptime, and Ford's cloud-native strategies using Portworx. The awards highlight how Pure's offerings empower organizations to enhance performance and efficiency.
Pure Storage has unveiled its new modular architecture, the FlashBlade//S family, designed to accommodate diverse workloads with enhanced scalability, performance, and power efficiency. The platform separates compute from capacity, allowing upgrades without interruptions and meeting modern storage demands effectively. The FlashBlade//S emphasizes sustainability with improvements in space efficiency, and future-proofing through its Evergreen subscription model. General availability is set for Q2 FY23.
Pure Storage (PSTG) reported a remarkable 50% year-over-year revenue growth for its fiscal Q1 2023, totaling $620.4 million. Subscription services revenue rose by 35% to $219.2 million, while Subscription Annual Recurring Revenue (ARR) increased 29% to $899.8 million. The company raised its FY23 revenue outlook to $2.66 billion. Despite a GAAP operating loss of $(4.6) million, non-GAAP operating income reached $85.4 million. Pure also returned $66 million to stockholders in Q1 through share repurchases.
Pure Storage (NYSE: PSTG) announced advancements to its Portworx portfolio aimed at enhancing data services for DevOps teams. Key updates include the general availability of Portworx Data Services, the first Kubernetes Database-as-a-Service platform, and the next generation of Portworx Enterprise, a comprehensive data management solution for Kubernetes applications. Additionally, Portworx Backup-as-a-Service has been launched to simplify data protection for various Kubernetes services. These developments are expected to improve operational efficiency and support critical databases.
Pure Storage (NYSE: PSTG) has announced a conference call set for June 1, 2022, at 1:30 p.m. PT, to discuss its financial results for the first fiscal quarter ending May 8, 2022. This follows the upcoming release of their financial figures. The call will be accessible via the Pure Storage Investor Relations website, with a replay available for two weeks post-call. Additionally, Pure Storage will participate in several investor conferences, showcasing its commitment to transparency and investor engagement.
Pure Storage (NYSE: PSTG) and Snowflake (NYSE: SNOW) announced a partnership aimed at enhancing data accessibility for customers managing on-premises data. The solution combines Pure Storage FlashBlade's capabilities with the Snowflake Data Cloud, allowing users to analyze multiple data sources without creating separate data copies. This collaboration is expected to commence public preview in the second half of 2022, helping organizations leverage local data while utilizing advanced analytics and governance features from Snowflake.
Pure Storage (NYSE: PSTG) highlights its pivotal role in electronic design automation (EDA) for semiconductor companies, announcing that 50% of the top 10 semiconductor firms utilize its FlashBlade storage solution. This technology enhances chip design efficiency by delivering performance improvements of up to 5x faster workload completion through high concurrency capabilities. Additionally, customers experience 2.5:1 data reduction and significant reductions in runtime for complex tasks. The company emphasizes its commitment to driving innovation across the semiconductor industry.
Pure Storage (NYSE: PSTG) announced that over 10 leading autonomous vehicle software development companies are utilizing its FlashBlade platform to meet the demands of storing and processing unstructured data. FlashBlade enhances performance while simplifying IT operations, driving efficiency and reducing costs. Companies are employing this technology for various applications, such as training automated vehicle systems and managing critical engineering data. This collaboration marks a significant milestone as Pure's presence in the autonomous vehicle sector reaches an all-time high.
Pure Storage (NYSE: PSTG) has released its inaugural Environmental, Social, and Governance (ESG) report, detailing its benchmarks and future goals for sustainability. The report emphasizes Pure's commitment to reducing data center carbon emissions, with customers potentially achieving up to 80% reduction in direct carbon usage through its products. Key goals include a 50% reduction in Scope 1 and 2 greenhouse gas emissions per employee by FY30, and achieving net zero emissions by FY40.