Welcome to our dedicated page for Pure Storage news (Ticker: PSTG), a resource for investors and traders seeking the latest updates and insights on Pure Storage stock.
Pure Storage Inc (NYSE: PSTG) delivers cutting-edge enterprise data storage solutions that power AI-driven analytics, multi-cloud environments, and mission-critical applications. This page provides a comprehensive collection of official press releases and curated news coverage about the company’s technological advancements, financial performance, and strategic initiatives.
Investors and technology professionals will find timely updates on PSTG’s all-flash storage innovations, Evergreen subscription services, and partnerships shaping the future of data infrastructure. The resource covers earnings announcements, product launches, executive insights, and industry recognition, offering a holistic view of the company’s market position.
Key content areas include developments in storage-as-a-service platforms, sustainability initiatives, and expansions into emerging technologies. Bookmark this page to stay informed about Pure Storage’s role in enabling secure, scalable data management for global enterprises and cloud-native organizations.
Pure Storage (NYSE: PSTG) announced details for its 2021 Financial Analyst Day, now a live webcast, on September 28, 2021, from 12:00 pm PT to 2:00 pm PT (3:00 pm ET to 5:00 pm ET). The leadership team will discuss the company's vision, strategy, and financial outlook, followed by a Q&A session. Interested participants can register for the event on the company's website, and a replay will be available for 90 days post-event. Pure Storage focuses on delivering a modern data experience and achieving high customer satisfaction.
Pure Storage (NYSE: PSTG) announced that Olympus, a leader in medical devices, selected its AIRI architecture for AI development. This decision enhances Olympus's capability to manage large datasets efficiently for AI and machine learning applications. The infrastructure, combining FlashBlade and NVIDIA DGX-1, supports scalable, high-performance data management. Key benefits include on-demand storage provisioning, improved resource efficiency, and rapid development environment setup, which accelerates time to market for healthcare innovations.
Pure Storage (NYSE: PSTG) reported strong financial results for Q2 fiscal 2022, ending August 1, 2021. Revenue reached $496.8 million, up 23% year-over-year, with subscription services revenue at $171.9 million, a 31% increase. The GAAP operating loss was $(33.9) million, while non-GAAP operating income stood at $46.6 million. Operating cash flow was $123.4 million and free cash flow $95.7 million. Guidance for Q3 is $530 million in revenue and $40 million in non-GAAP operating income.
Pure Storage (NYSE: PSTG) will hold a conference call on August 25, 2021, to discuss its financial results for the fiscal second quarter ended August 1, 2021. The call will follow the release of these results, which are significant for investors looking for insights on the company's performance. A live broadcast of the call will be available on the Pure Storage Investor Relations website. The company is also set to host its Financial Analyst Day on September 28, 2021, featuring presentations on its vision and strategy.
Pure Storage (NYSE: PSTG) announced its upcoming Financial Analyst Day on September 28, 2021, starting at 9:30 am PT / 12:30 pm ET. The event will take place at the New York Stock Exchange and will also be available via live webcast. Attendees can expect presentations by the leadership team on company strategy, vision, and financial outlook, followed by a Q&A session. Registration details can be found on Pure Storage's website. A replay of the event will be accessible for 90 days post-event.
Pure Storage (NYSE: PSTG) has announced an expansion of its subscription services portfolio with the introduction of FlashStack as-a-Service and Portworx Cloud Consumption. These offerings aim to enhance customer flexibility in a multi-cloud environment. FlashStack integrates on-premises and multi-cloud infrastructures, while Portworx allows customers to purchase usage hours rather than fixed licenses, reducing costs. The demand for flexible consumption models is increasing, with Pure's as-a-Service solutions meeting evolving business needs.
On July 13, 2021, Pure Storage (NYSE: PSTG) announced significant growth in its Evergreen™ Storage program, with over 2,700 customers having completed non-disruptive storage upgrades. The average number of upgrades has increased by 38% year-over-year for five years. In FY 2022 Q1, subscription services revenue rose by 35%. Evergreen simplifies storage upgrades and reduces costs, aligning with the shift towards subscription-based storage as-a-service solutions, which enhance operational agility and minimize planned maintenance impacts.
Pure Storage (NYSE: PSTG) has been recognized as the leader in the GigaOm Radar Report for Enterprise Kubernetes Storage and Cloud-Native Kubernetes Data Storage. The reports highlight the company’s robust storage solutions and the effective integration of Portworx, acquired in October 2020. Pure Storage’s offerings were praised for their comprehensive features, exceptional data management capabilities, and compatibility with Kubernetes, reflecting its strong market position. This recognition marks the fifth and sixth time Pure Storage has been acknowledged as a leader by GigaOm.
Pure Storage (NYSE: PSTG) reported a strong fiscal Q1 2021, achieving $412.7 million in revenue, a 12% increase year-over-year. Subscription services revenue surged 35% to $162.8 million. The company experienced a GAAP gross margin of 68.3% and a non-GAAP operating income of $0.3 million. Operationally, it generated $21.4 million in cash flow while reporting total cash and investments of $1.2 billion. Looking ahead, Q2 FY22 guidance is set at $470 million in revenue and $15 million in non-GAAP operating income.
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