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) 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.
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Pure Storage (NYSE: PSTG) significantly outperformed the external storage market in IDC's Q1 2020 report, with a 7.7% year-over-year revenue growth compared to an overall market decline of 8.2%. The company's revenue reached $367.1 million, marking a 12% increase. Subscription Services revenues surged by 37%, driven by offerings like Evergreen and Pure as-a-Service. The all-flash array segment was the only one to grow, while other storage types saw substantial declines. Pure was recognized as a top five vendor in external OEM storage.