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 announced an updated Reseller Partner Program aimed at increasing partner profitability and enabling successful data storage transformation. The program focuses on replacing traditional hard disk storage with all-flash solutions and addresses key market demands including AI and cyber resilience.
The enhanced program introduces solution-oriented training, including on-demand courses and technical boot camps. Partners gain access to new tools such as Pure Partner Intelligence for real-time analytics, Pure Realize™ for use-case proposals, and a new Digital Partner Master Services Agreement process through the Pure1® platform.
The program emphasizes four key areas: Hybrid Cloud Optimization, AI-Ready Infrastructure, Modern Applications, and Cyber Resilience. Partners will benefit from enriched rewards and rebates, along with operational enhancements including a redesigned partner portal and new CPQ tooling planned for later this fiscal year.
Pure Storage (NYSE: PSTG) announced an expanded strategic collaboration with Micron Technology to develop high-capacity, energy-efficient storage solutions for hyperscale data centers. The partnership will utilize Micron's G9 QLC NAND technology in Pure Storage's future DirectFlash® Module products, building on their decade-long relationship that includes seven generations of NAND integration.
The collaboration addresses three critical data center challenges: energy efficiency, storage density, and performance. Pure Storage's 150TB DirectFlash Module, which currently uses Micron's G8 QLC NAND, demonstrates their joint capability to deliver massive drive capacities with high performance and low latency.
The partnership aims to provide improved performance with lower latency, sustainable solutions with reduced energy consumption, and rack-dense scalable solutions at a reduced total cost of ownership compared to traditional hard drive-based storage solutions.
Pure Storage (NYSE: PSTG) and Kioxia have announced a strategic collaboration to develop advanced storage technology for hyperscale data centers. The partnership combines Pure Storage's data storage platform with Kioxia's QLC flash memory to address the limitations of traditional HDD-based storage solutions.
The collaboration aims to deliver three key benefits: increased performance through ultra-fast, low-latency capabilities for data-intensive workloads; improved cost efficiency with optimized storage costs and lower TCO; and reduced environmental impact through significantly lower energy consumption compared to traditional HDDs.
Pure Storage (NYSE: PSTG) reported strong Q3 FY2025 financial results, with revenue reaching $831.1 million, up 9% year-over-year. Subscription services revenue grew 22% to $376.4 million, with subscription ARR hitting $1.6 billion. The company achieved a significant milestone with an industry-first design win from a top-four hyperscaler for their DirectFlash technology.
Key financial metrics include a non-GAAP gross margin of 71.9%, operating income of $167.3 million, and operating margin of 20.1%. The company maintained a strong balance sheet with $1.6 billion in cash and equivalents, returning $182 million to stockholders through share repurchases. For Q4 FY25, Pure Storage projects revenue of $867M with 9.7% YoY growth.
Pure Storage (NYSE: PSTG) announced two major AI-focused innovations: the new Pure Storage GenAI Pod and the certification of FlashBlade//S500 with NVIDIA DGX SuperPOD. The GenAI Pod is a full-stack solution providing turnkey designs for simplified deployment of generative AI projects, expected to launch in first half of 2025. The solution includes partnerships with industry leaders like Arista, Cisco, KX, Meta, NVIDIA, Red Hat, SuperMicro, and WWT. Initial applications target drug discovery, trade research, and RAG frameworks. The FlashBlade//S500 certification aims to accelerate enterprise AI training with high-performance Ethernet-based storage.
Pure Storage (NYSE: PSTG) announced a strategic investment and partnership with CoreWeave, making Pure Storage's platform available within CoreWeave Cloud. The collaboration aims to accelerate AI cloud services innovation by combining Pure Storage's flash technology expertise with CoreWeave's specialized cloud environments.
The partnership offers customers access to Pure Storage's unified storage platform with 99.9999% reliability across file, object, and block storage, integrated into CoreWeave's AI supercomputer environments. This integration enables organizations to customize their storage solutions and scale infrastructure according to their AI workload requirements.
Pure Storage (NYSE: PSTG) has announced it will release its third quarter fiscal 2025 financial results, followed by a conference call on Tuesday, December 3 at 2:00 p.m. PT. The company will also participate in two upcoming investor conferences: the Wells Fargo 8th Annual TMT Summit on December 4, 2024, and the 27th Annual Needham Growth Conference on January 16, 2025. Both events will be webcast live and archived on Pure Storage's Investor Relations website.
Pure Storage (NYSE: PSTG) has announced Pure Storage Cloud for Microsoft Azure VMware Solution (AVS), a pioneering fully-managed block storage-as-a-service offering for AVS. This Azure Native integration service allows customers to use services against existing Microsoft Azure Consumption Commitments while providing seamless management across Azure Portal and Pure Storage environments.
The solution enables enterprises to migrate VMware workloads to Azure cloud with potential cost savings of up to 40%. Key features include support for VMware vSphere Storage APIs, improved cost efficiencies, enterprise-grade data resilience with Pure Storage SafeMode Snapshots, and reduced storage complexity through decoupled compute and storage.
Pure Storage has announced the modernization of AC Milan's IT infrastructure, enabling significant improvements in content production and AI capabilities. The football club implemented Pure Storage Platform to enhance fan engagement through its Media House and improve team performance through data analytics. Key achievements include 10x faster content production and delivery, reaching over 500 million global fans through enhanced digital experiences. The solution provides enhanced data security with ActiveDR™ and SafeMode™ Snapshots for ransomware protection. The platform also supports AI analysis of training footage and player data, contributing to a comprehensive data lake for performance optimization.
Pure Storage (NYSE: PSTG) has been named a Leader in the 2024 Gartner Magic Quadrant for File and Object Storage Platforms for the fourth consecutive year. The company's platform addresses the challenges of managing unstructured data in the era of AI, analytics, and IoT. Key features include:
1. Efficient and reliable platform with up to 5x less energy consumption and 95% less e-waste than disk-based systems.
2. Real-Time Enterprise File services for dynamic adaptation to modern application demands.
3. FlashBlade//S100, an AI-ready platform for entry-level enterprise use cases.
4. AI-powered anomaly detection for identifying threats and unusual activity.
5. Expanded cyber recovery and resilience SLA through Evergreen//One.
Pure Storage boasts a 4.7/5 rating on Gartner Peer Insights, with 96% of reviewers willing to recommend the platform.