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) 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) announced the release of PX-Backup 2.0, enhancing capabilities for protecting Kubernetes applications. Key features include role-based access control, an Activity Timeline Dashboard for data protection intelligence, and improved application grouping for usability. The platform also extends support to various ecosystems, including VMware Tanzu and Microsoft Azure, and is now available on AWS Marketplace. This release addresses the challenges of protecting modern applications in complex, distributed environments.
Genesys announced the addition of Arthur P. Johnson, Jr. to its operating committee, enhancing its governance with his extensive experience in corporate strategy and finance. Johnson's appointment comes after a strong fiscal year for Genesys, which saw accelerated cloud growth and aims to redefine customer engagement through its Experience as a Service initiative. Johnson, currently the chief strategy officer at Pure Storage (PSTG), is expected to provide strategic guidance as Genesys navigates its next growth phase.
On April 23, 2021, Pure Storage (NYSE: PSTG) announced that its FlashBlade was recognized as a leader in the GigaOm Radar for High-Performance Object Storage. The report praised FlashBlade for its maturity and effectiveness in meeting enterprise storage needs, highlighting features such as multi-protocol support and a user-friendly interface. FlashBlade is close to achieving $1 billion in sales and is utilized by over 25% of Fortune 100 companies. This recognition marks Pure Storage's fourth consecutive leadership position in GigaOm Radar reports for its storage solutions.
Pure Storage (NYSE: PSTG) announced continued growth in its Pure as-a-Service offerings, with significant adoption across key global markets. In FY21, subscription services revenue exceeded $500M, reflecting a 33% year-over-year increase. Notably, one new customer committed over $10M to Pure as-a-Service. The company has streamlined its platform to enhance transparency and reduce costs for customers, introducing a Service Catalog that simplifies storage service selection. Industry leaders highlighted the flexible consumption model of Pure as-a-Service as a crucial factor for their choice.
Pure Storage (NYSE: PSTG) has been recognized by CRN in its 2021 Partner Program Guide with a prestigious 5-Star rating. This accolade highlights Pure's commitment to providing exceptional partner programs, which enhance channel partner success through various innovations and rewards. Recent upgrades to the Pure Partner Program include increased incentives, new selling solutions, and enhanced marketing and training offerings. The guide will be featured in the April 2021 issue of CRN, emphasizing the program's strengths in supporting IT channel partners.
Pure Storage (NYSE: PSTG) announced significant growth milestones for its FlashBlade product, approaching $1B in sales four years post-launch. FlashBlade achieved a $250M run rate within two years and tripled its customer base, with over 25% of the Fortune 100 utilizing the platform. The product's success is attributed to continuous innovation, partnerships with companies like NVIDIA and Cohesity, and flexible consumption models. Pure Storage maintains a top-tier customer satisfaction score and has been recognized as a leader in various industry categories.
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Pure Storage (NYSE: PSTG) announced the availability of Pure Cloud Block Store on Microsoft Azure Marketplace, enhancing cloud data mobility and application portability. This launch allows enterprises to manage hybrid IT environments seamlessly and addresses the growing demand for cloud capabilities. Key benefits include a common dataplane across multiclouds, improved data resilience for SQL Server workloads, and cost efficiencies through advanced data reduction. Pure’s Evergreen program integrates on-premises solutions with cloud offerings, providing flexible storage consumption options.
Pure Storage (NYSE: PSTG) and Equinix (Nasdaq: EQIX) have partnered to introduce Pure Storage on Equinix Metal, enhancing storage as a service in a multi-cloud environment. This new offering streamlines infrastructure management, allowing enterprises to shift to a more flexible IT model without owning data centers. With 57% of businesses opting for hybrid IT, this solution promises to reduce costs and operational risks. The service is accessible in 18 global locations and supports various applications, including high-volume and cloud-native workloads.
Portworx by Pure Storage has partnered with IBM to deliver OpenShift-based data services for hybrid cloud environments. This collaboration enables clients to utilize IBM Cloud Satellite for secure and efficient management of workloads across diverse settings. IBM aims to invest $1 billion over three years in its ecosystem initiative to enhance cloud capabilities. The partnership emphasizes the importance of edge computing and data sovereignty, providing clients with tools for data protection and security. Portworx ensures data integrity for Kubernetes applications, addressing industry needs for agile and consistent cloud services.