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 its largest acquisition to date, acquiring Portworx, a leading Kubernetes data services platform, for $370 million in cash. This strategic move aims to enhance Pure's multi-cloud data services, focusing on containerized applications. With Portworx, Pure will provide robust storage solutions for enterprises, addressing the challenges of data resiliency and security in hybrid cloud architectures. The acquisition aligns with the growing trend of enterprises adopting cloud-native strategies and is expected to bolster Pure's position in the fast-evolving data services market.
Pure Storage (NYSE: PSTG) announced that its FlashBlade® has achieved the AWS Outposts Ready designation, enhancing its hybrid cloud capabilities. This designation validates FlashBlade's integration with AWS Outposts, allowing customers to utilize a unified fast file and object storage platform with native Amazon S3 capabilities. This solution is designed for modern applications requiring real-time processing and high throughput. FlashBlade offers benefits like performance, consolidation, and simplicity, enabling enterprises to manage data effectively across on-premises and cloud environments.
Pure Storage (NYSE: PSTG) announced that Atlantic Health System (AHS) has standardized on its solutions to enhance the performance of critical applications, including the Epic electronic health record system. This transition is expected to save AHS over $1 million in six years, allowing for strategic investments in patient care. AHS has achieved 100% system availability and significantly improved data processing times, reducing nightly ETL from 5.5 hours to just 20 minutes. Additionally, AHS anticipates over $1.3 million in total cost savings with Pure's Evergreen Storage model.
Pure Storage (NYSE: PSTG) has appointed Jason Rose as its new Chief Marketing Officer, effective September 9, 2020. In his role, Rose will focus on enhancing the company’s digital marketing strategies to drive revenue growth in response to the shifting online landscape. He brings extensive experience from his previous roles at SAP and Gigya, where he successfully led marketing initiatives. COO Paul Mountford emphasized the importance of digital savvy marketing during this period of transformation, aligning with Pure’s goal to provide a differentiated customer experience.
Pure Storage (NYSE: PSTG) has launched the second generation of its FlashArray//C, designed to lower costs significantly for capacity-oriented workloads. This all-QLC storage array utilizes Pure's DirectFlash technology and Purity software, making it 30% cheaper than comparable hybrid storage solutions. With capacities of 24.7TB and 49TB, the FlashArray//C enables enterprises to consolidate workloads and simplify operations, providing a cost-effective alternative to legacy systems. This innovation aims to enhance efficiency while delivering high availability and performance.
Pure Storage (PSTG) reported its Q2 results, with revenue at $403.7 million, a 2% year-over-year increase. Subscription services revenue surged by 37% to $131.4 million. GAAP gross margin stood at 68%, while operating losses reached $(64.1) million, contrasted by a non-GAAP operating income of $11.2 million. The company highlighted strong performance in subscription services and introduced the second-generation FlashArray//C. Despite solid results, Pure noted economic variability due to COVID-19 and refrained from formal guidance, anticipating flat Q3 revenue.
Pure Storage (NYSE: PSTG) announced that McMaster University's McArthur Lab is utilizing its FlashBlade technology to combat superbugs and COVID-19. The lab processes millions of data points daily, accelerating research for new treatments. FlashBlade's advanced unified storage improves decision-making efficiency, enabling rapid responses to health threats. The lab developed a tool that tracks the evolution of the COVID-19 virus, providing critical insights into its transmission. With growing genomic data, Pure’s infrastructure supports the lab's ongoing efforts to enhance global health security.
Pure Storage (NYSE: PSTG) and Cohesity announced a strategic partnership to deliver Pure FlashRecover, a cutting-edge data protection solution that combines all-flash backup and recovery capabilities. This offering meets critical business continuity needs and is designed for the growing demand for cloud services and ransomware protection. The solution enables rapid data recovery, improving performance and scalability while simplifying management. It will be available in the US in Q4 2020, with global availability in subsequent quarters.
Pure Storage (NYSE: PSTG) will host a conference call on August 25, 2020, at 2:00 p.m. PT, to discuss its financial results for the fiscal second quarter ending August 2, 2020. The call follows the release of financial results, which are anticipated to include key metrics impacting shareholder interests. Interested parties can access the live broadcast via the Pure Storage Investor Relations website. Pure Storage is recognized as a leader in the 2019 Gartner Magic Quadrant for Primary Storage, emphasizing its rapid growth and high customer satisfaction.
