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.
Rubrik (NYSE: RBRK) and Pure Storage (NYSE: PSTG) have partnered to offer a comprehensive cyber resilience solution that combines primary storage, data security, and long-term retention. This partnership addresses challenges faced by organizations due to exponential data growth, including performance bottlenecks, lack of data visibility, and increasing cyber threats.
The solution provides a three-layered defense strategy:
- Rapid Recovery: Pure Storage Platform uses immutable snapshots for near-zero Recovery Time Objective
- Data Security: Rubrik Security Cloud offers a cyber resilience platform with additional capabilities
- Archival Location: Pure Storage Platform supports cost-effective, scalable storage for extended periods
This partnership aims to strengthen defenses and provide businesses with a robust, adaptive framework for true cyber resilience in an increasingly complex cybersecurity landscape.
Pure Storage (NYSE:PSTG) has announced new innovations to its storage platform, including Real-time Enterprise File, a dynamic file service that adapts in real-time to meet modern application demands. The company also introduced a VM assessment tool and Universal Credits, extending its Storage-as-a-Service (STaaS) leadership.
Key features of Real-time Enterprise File include:
- Real-time agility across all storage resources
- Zero-Move Tiering for performance adjustments without data movement
- Non-disruptive upgrades for hardware and software
- New FlashBlade//S100 for cost-sensitive workloads
- Cloud-like operations and AI Copilot for simplified management
The VM Assessment offers performance monitoring and optimization recommendations, while Universal Credits provide financial flexibility across various Pure Storage services.
Pure Storage (NYSE: PSTG) has been recognized as a Leader in the 2024 Gartner Magic Quadrant for Primary Storage Platforms, positioned highest on the Ability to Execute axis and furthest on the Completeness of Vision axis. This marks the fifth consecutive year Pure Storage has held this position and the eleventh consecutive year as a Gartner Magic Quadrant Leader.
The Pure Storage Platform has introduced several innovations over the past year, including:
- First Purpose-Built AI Storage-as-a-Service: Evergreen//One for AI
- First-of-its-Kind Storage Automation: Pure Fusion
- First Generative AI Copilot for Storage
- Intelligence-Driven Security Assessment
- Industry-First Paid Power and Rack Commitment
Pure Storage's platform aims to address challenges in scaling AI initiatives, defending against cyber threats, and managing energy consumption.
Pure Storage (NYSE: PSTG) announced strong financial results for Q2 fiscal 2025, with total revenue growing 11% year-over-year to $763.8 million. Subscription services revenue increased 25% to $361.2 million, while subscription ARR grew 24% to $1.5 billion. The company reported a GAAP gross margin of 70.7% and non-GAAP gross margin of 72.8%. Operating cash flow was $226.6 million, with free cash flow of $166.6 million.
Pure Storage highlighted its platform innovation, including new AI storage as-a-service capabilities and enhancements to Pure Fusion. The company also emphasized its ESG leadership, noting that its platform requires up to 10x less energy than mechanical disk storage and 5x less than SSDs. For Q3 FY25, Pure Storage projects revenue of $815 million and a non-GAAP operating margin of 17.2%.
Pure Storage (NYSE: PSTG) has joined the Ultra Ethernet Consortium (UEC), a Linux Foundation initiative aimed at developing an open Ethernet-based architecture for AI and HPC applications. As a leading data storage platform for enterprise AI, Pure Storage will contribute to defining UEC technology standards and deliver a forward-compatible platform optimized for AI and HPC workloads using Ethernet.
The move aims to address challenges in existing network solutions, offering a scalable and efficient alternative to support AI innovation. Key benefits include faster time to innovation, cost-effective operations, and enhanced customer choice between IB and Ethernet networks. This collaboration with industry leaders is expected to accelerate platform development and support UEC standards long-term, ultimately empowering organizations to meet the growing demands of AI and HPC.
Pure Storage (NYSE: PSTG), a leader in advanced data storage technology and services, has announced its upcoming financial results release and conference call for the second quarter fiscal year 2025, ending August 4, 2024. The conference call is scheduled for Wednesday, August 28 at 2:00 p.m. PT. Investors can access the live audio broadcast on Pure Storage's Investor Relations website, with a replay available for two weeks.
Additionally, Pure Storage will participate in the Goldman Sachs Communacopia + Technology Conference on Wednesday, September 11, 2024, at 12:25 p.m. PT. Chairman and CEO Charles Giancarlo and CFO Kevan Krysler will represent the company. This presentation will also be webcast live and archived on the company's Investor Relations website.
Pure Storage announced the winners of its fourth annual Breakthrough Awards at Pure//Accelerate 2024, recognizing seven customers for their exceptional use of Pure Storage's data storage technology. Honorees include NTT DATA, THG, SoftBank Corp., Rivian, Fiserv, MediaZen, and the Indiana Office of Technology. These companies were acknowledged for their innovation, sustainability, and business advancements across five categories: G.O.A.T. (Greatest of All Time), Cloud Champion, Data Warrior, Visionary, and Pure Good Sustainability. Key achievements include significant reductions in energy consumption, improved AI research capabilities, and enhanced data management efficiency.
Pure Storage announced groundbreaking innovations in its platform during the Pure Storage//Accelerate event on June 19, 2024.
Key highlights include Pure Fusion™ for dynamic storage automation, a first-of-its-kind AI copilot for storage, and Evergreen//One™ for AI, designed to support AI initiatives with flexible, pay-as-you-go storage options.
These advancements aim to enhance AI deployment, cyber resilience, and application modernization across various environments. Pure Storage's platform consistently offers non-disruptive upgrades, robust SLA guarantees, and significant energy efficiency.
The company also anticipates receiving NVIDIA DGX SuperPOD certification by the end of 2024, emphasizing its commitment to AI infrastructure.
On June 19, 2024, Pure Storage (NYSE: PSTG) announced new cyber resilience services and capabilities at Pure Storage//Accelerate in Las Vegas. The IT pioneer introduced three advanced Storage as-a-Service (STaaS) SLAs—cyber recovery and resilience, site rebalance, and enhanced security assessments. These offerings aim to help organizations mitigate risks associated with ransomware and other cyber threats, ensuring rapid recovery and operational continuity. Key features include expanded disaster recovery scenarios, a comprehensive cybersecurity strategy with quarterly reviews, AI-powered anomaly detection, and flexible site rebalancing options.
Pure Storage (NYSE:PSTG) has made a strategic investment in LandingAI, a leader in visual AI, announced on June 5, 2024. This partnership aims to advance AI vision models in the enterprise sector. Pure Storage's data storage platform will be combined with LandingAI's multimodal Large Vision Model (LVM) solutions, enabling enterprises to apply generative AI to diverse data types, including text, images, and videos. Pure Storage CTO Rob Lee and LandingAI CEO Andrew Ng highlighted the synergy between the companies and their potential to drive significant AI/ML advancements for enterprise customers. The collaboration is expected to shape the future of vision AI in various industries.