Skip to main content

Market Overview

Pure Storage Shares Pop On Q2 Beat, Q3 Outlook Above Consensus

Share:
Pure Storage Shares Pop On Q2 Beat, Q3 Outlook Above Consensus
  • Pure Storage Inc (NYSE: PSTG) shares traded higher by 14.3% at $23.95 on the last check Thursday.
  • The data storage platform company reported second-quarter FY22 revenue of $496.8 million, up 23% year-on-year, beating the analyst consensus of $469.5 million.
  • Pure Storage saw strength from both its enterprise and commercial customers across its entire solutions portfolio.
  • Subscription services revenue grew 31% Y/Y to $171.9 million. Product revenue grew 19% Y/Y to $324.9 million.
  • Non-GAAP EPS of $0.14 beat the consensus of $0.05.
  • Pure Storage held $1.3 billion in cash and equivalents.
  • Pure Storage sees Q3 revenue of $530 million, beating the consensus of $495.2 million. The FY22 revenue guidance of $2.04 billion beat the consensus of $1.96 billion.
 

Related Articles (PSTG)

View Comments and Join the Discussion!

Posted-In: BriefsEarnings News Guidance Tech

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com