Pure Storage Outperforms Competitors with Strong Revenue Growth
Pure Storage reported revenue growth in its third fiscal quarter, with revenues reaching $762.8 million, up 13% YoY. The company achieved its third profitable quarter in history, driven by strong demand for its portfolio and the success of its storage-as-a-service offering, Evergreen//One. However, high subscription sales growth and a large telco order deliverable in 2025 led to a lower revenue outlook for the next quarter. Pure Storage aims to aggressively penetrate the lower price performance tiers of the disk market with its FlashBlade//E product, targeting the opportunity in enterprise and cloud storage. Despite falling short-term revenue growth, Pure Storage gained 353 new customers in the quarter, bringing its total to nearly 13,000.