Welcome to our dedicated page for Everpure news (Ticker: PSTG), a resource for investors and traders seeking the latest updates and insights on Everpure stock.
Pure Storage, Inc. (NYSE: PSTG) is an enterprise data storage company whose news flow centers on technology innovation, subscription growth, capital allocation, and partnerships. The company describes its platform as delivering advanced data storage technologies and services to store, manage, and protect data at any scale, with a unified Storage-as-a-Service experience across on-premises, cloud, and hosted environments.
On this news page, readers can follow Pure Storage announcements about quarterly and annual financial results, including updates on revenue, subscription services performance, and key metrics such as subscription annual recurring revenue and total contract value for its consumption-based offerings. These earnings releases often include management commentary on strategy, investments in research and development, and guidance for future periods.
Pure Storage also issues frequent product and platform updates. Recent news has highlighted the Enterprise Data Cloud architecture, expansions of the FlashArray and FlashBlade families, Pure Storage Cloud and Azure Native integrations, and enhancements to the Pure1 AI Copilot and intelligent control plane. Coverage includes developments in AI-related capabilities, Kubernetes and Portworx integrations, and new features aimed at efficiency, automation, and cyber resilience.
Investors and technology professionals will also find news on strategic alliances with companies such as Cisco, NVIDIA, CrowdStrike, Veeam, and others, as well as analyst recognitions like Gartner Magic Quadrant leadership positions. Corporate updates, including executive appointments and share repurchase authorizations, appear alongside these technology and financial announcements. Bookmark this page to monitor Pure Storage’s latest disclosures, platform developments, and market-facing communications in one place.
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.
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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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Pure Storage (NYSE: PSTG) announced winners of its inaugural Breakthrough Awards at the Pure//Accelerate Digital event on May 14, 2021. These awards celebrate customers demonstrating innovation and success with Pure's offerings. Out of over 8,000 global customers, notable awardees include ServiceNow, Roblox, and Nanyang Technological University. Key achievements include ServiceNow's all-flash data center transformation and Roblox's scalable cloud strategy. Joe Pinto, Chief Customer Experience Officer, expressed pride in the customers’ accomplishments and their impact on modern data experiences.