Last price update: 15 Nov 24 23:00 GMT
Pure Storage, Inc. provides data storage technologies, products, and services in the United States and internationally. The company’s Purity software is shared across its products and provides enterprise-class data services, such as data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object. Its products portfolio includes FlashArray for block-oriented storage, addressing databases, applications, virtual machines, and other traditional workloads; FlashArray//XL; and FlashArray//C, an all-QLC flash array. The company also provides FlashBlade, a solution for unstructured data workloads of various types; FlashStack that combines compute, network, and storage to provide an infrastructure platform; FlashRecover, an all-flash modern data-protection solution; and AIRI, a full-stack AI-ready infrastructure. In addition, it offers evergreen storage subscription, Pure as-a-Service, and Cloud Block Store, as well as Portworx a cloud-native Kubernetes data management solution It also offers technical and professional, training and education, and certification services. The company sells its products and subscription services through direct sales force and channel partners. The company was formerly known as OS76, Inc. and changed its name to Pure Storage, Inc. in January 2010. Pure Storage, Inc. was incorporated in 2009 and is headquartered in Mountain View, California.
Pure Storage sees top and bottom-line growth, a healthy balance sheet, strong cash flow, and new technologies launched. 30% growth in its storage-as-service subscription model brings annual recurring revenue to over $1 billion.
Pure Storage, Inc. continues to grow its revenue thanks to its growing customer base and innovative product portfolio. Pure Storage's management reassures investors about its sustainable margin expansion, which is supported by a record RPO.
Despite macroeconomic headwinds and supply chain troubles, momentum in cloud computing, IoT, auto, connected devices, VR and AI will likely favor the prospects of the Zacks Computer - Storage Devices industry players like NTAP, PSTG and SMCI.
Pure Storage, Inc. (NYSE:PSTG ) Q3 2023 Results Conference Call November 30, 2022 5:00 PM ET Company Participants Paul Ziots - Vice President of Investor Relations Charlie Giancarlo - Chief Executive Officer Kevan Krysler - Chief Financial Officer Rob Lee - Chief Technology Officer Conference Call Participants Amit Daryanani - Evercore Meta Marshall - Morgan Stanley Wamsi Mohan - Bank of America Sidney Ho - Deutsche Bank David Vogt - UBS Mehdi Hosseini - Susquehanna Nehal Chokshi - Northland Capital Markets Simon Leopold - Raymond James Matt Sheerin - Stifel Krish Sankar - Cowen Eric Martinuzzi - Lake Street Operator Good day, and welcome to Pure Storage Third Quarter Fiscal Year 2023 Earnings Conference Call. Today's conference is being recorded.
Mountain view, calif. , jan. 31, 2023 prnewswire pure storage ( nyse pstg), the it pioneer that delivers the world' s most advanced data storage technology and services, announced that dentons, the world' s largest law firm, is leveraging its portfolio including flasharray, evergreen one, and pure1 to expand its global presence, drive sustainable business practices, and provide comprehensive data security for its growing roster of diverse CLI ents.
Pure sees strong customer adoption of its evergreen subscription services, surpassing 1 b in arr for the first time mountain view, calif. , jan. 17, 2023 prnewswire pure storage ( nyse pstg), the it pioneer that delivers the world' s most advanced data storage technology and services, today announced continued growth of its subscription service offerings, including its evergreen portfolio, in addition to a new energy efficiency service level agreement ( sla) for evergreen one .
Nearly 9 out of 10 sustainability program directors say companies cannot reach sustainability goals without significantly reducing energy usage of technology infrastructure mountain view, calif. , dec. 7, 2022 prnewswire today, pure storage ( nyse pstg), the it pioneer that delivers the world' s most advanced data storage technology and services, in partnership with wakefield research, released a new report ID entifying the critical impact of it on environmental sustainability and the challenges present in addressing the urgent and growing demands for it to be accountable drivers of change.
Q3 revenue growth of 20% year over year subscription services arr exceeded 1 billion increased fy23 non gaap operating income guidance mountain view, calif. , nov. 30, 2022 prnewswire today pure storage ( nyse pstg), the it pioneer that delivers the world' s most advanced data storage technology and services, announced financial results for its fiscal third quarter ended november 6, 2022.
Mountain view, calif. , oct. 28, 2022 prnewswire pure storage ( nyse pstg), the it pioneer that delivers the world' s most advanced data storage technology and services, today announced it has been positioned by gartner as a leader in the magic quadrant for distributed file systems and object storage for both its completeness of vision and ability to execute, in the rapidly growing storage market for unstructured data.
Platform engineers can run kubernetes in production at scale with next gen performance and reliability within seconds detroit , oct. 26, 2022 prnewswire today at kubecon north america 2022 , pure storage ( nyse pstg), the it pioneer that delivers the world' s most advanced data storage technology and services, announced a new fully managed service for portworx enterprise to bring a kubernetes ready data plane to every developer that works on containerized applications. with portworx enterprise 3.0, the underlying platform for this new fully managed service, devops teams can run mission critical kubernetes apps in production with elastic scalability and unmatched data availability.
Latest recognition marks ninth consecutive year of pure storage' s position as a gartner magic quadrant leader mountain view, calif. , oct. 19, 2022 prnewswire pure storage ( nyse pstg), the it pioneer that delivers the world' s most advanced data storage technology and services, today announced it has been positioned by gartner as a leader in the magic quadrant for primary storage.
Q1 revenue growing 50% year over year record q1 operating profit raised fy23 revenue outlook to 2.66 billion mountain view, calif. , june 1, 2022 prnewswire today pure storage ( nyse pstg), the it pioneer that delivers the world' s most advanced data storage technology and services, announced financial results for its fiscal first quarter ended may 8, 2022.
Portworx portfolio advancements provide more data services than ever before while giving devops teams greater control over their workstreams mountain view, calif. , may 18, 2022 prnewswire pure storage ( nyse pstg), the it pioneer that delivers the world' s most advanced data storage technology and services, today announced a series of updates to its portworx portfolio which include general availability of portworx data services , the industry' s first kubernetes database as a service ( dbaas) platform the next generation of the iconic portworx enterprise, the complete multi cloud ready kubernetes data management platform for running mission critical applications in production general availability of portworx backup as a service, which supports backup and restore of any kubernetes services including amazon eks, red hat openshift, google kubernetes engine, vmware tanzu, and microsoft azure kubernetes service " our focus is to unify and simplify the world of platform and devops teams, who are tackling some of the biggest challenges when bringing kubernetes applications in production to enterprise scale.
More than 10 leading autonomous vehicle SOF tware development companies rely on pure to accelerate innovation mountain view, calif. , april 13, 2022 prnewswire pure storage ( nyse pstg), the it pioneer that delivers the world' s most advanced data storage technology and services, is empowering autonomous travel SOF tware solutions to meet the highly parallel, multi dimensional performance demands of modern unstructured data.
