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Pure Storage Q3 2024 Earnings Report

Pure Storage logo
$64.40 +2.06 (+3.30%)
(As of 12/20/2024 05:45 PM ET)

Pure Storage EPS Results

Actual EPS
$0.50
Consensus EPS
$0.40
Beat/Miss
Beat by +$0.10
One Year Ago EPS
$0.08

Pure Storage Revenue Results

Actual Revenue
$762.80 million
Expected Revenue
$761.49 million
Beat/Miss
Beat by +$1.31 million
YoY Revenue Growth
+12.80%

Pure Storage Announcement Details

Quarter
Q3 2024
Time
After Market Closes

Conference Call Resources

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Pure Storage Earnings Headlines

Pure Storage price target raised to $72 from $62 at Morgan Stanley
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Pure Storage (PSTG) Gets a Hold from Morgan Stanley
See More Pure Storage Headlines
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About Pure Storage

Pure Storage (NYSE:PSTG) engages in the provision of data storage and management technologies, products, and services in the United States and internationally. Its Purity software is shared across its products and provides enterprise-class data services, such as always-on data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object. The company also provides FlashArray integrated hardware systems, including FlashArray//X, FlashArray//C, FlashArray//XL, FlashArray//E, and FlashArray File Services for block-oriented storage, addressing databases, applications, virtual machines, and other traditional workloads; and FlashBlade integrated hardware systems comprising FlashBlade//S and FlashBlade//E for managing and processing unstructured data workloads of various types from real-time log analytics and commercial high-performance computing (HPC) to data protection and recovery. In addition, it offers cloud-native storage solutions, such as Portworx by Pure Storage, a cloud-native Kubernetes data management solution; and Portworx Data Services, a Database-as-a-Service platform for Kubernetes. Further, the company provides Pure Fusion, a Software-as-a-Service (SaaS) management plane, which enables storage administrators to unify storage arrays and optimize storage pools; Evergreen Architecture comprising Pure1, an AI-driven cloud-based management platform, as well as Evergreen//One and Evergreen//Flex data storage solutions; and Cloud Block Store, a virtual block storage array, that provides customers the flexibility to operate a hybrid cloud model with seamless data mobility across on-premises and public cloud environments. It 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 Santa Clara, California.

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