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) 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.
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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.