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Revenue: $326.7 million, up 28% year over year
Gross margin: GAAP 66.2%; non-GAAP 68.1%
Operating margin: GAAP -29.8%; non-GAAP -9.6%
Announced the acquisition of Compuverde - a leading developer of file software solutions for enterprises and cloud providers. The acquisition will expand Pure Storage’s file capabilities by providing a unified storage offering, as well as empowering customers to implement true hybrid architectures.
Released ObjectEngineTM for General Availability - the industry’s first data protection platform purpose-built for flash and cloud. ObjectEngine unifies cloud and on-premises with seamless, rapid backup and recovery across both on-prem and the cloud and enables customers to modernize their entire data protection strategy to a “flash-to-flash-to-cloud” model.
Announced expansion of EvergreenTM Storage Service (ES2) - to enable a unified subscription model across hybrid environments. This allows organizations to leverage Pure’s best-in-class storage-as-a-service model on-premises, hosted and in the cloud, without the need to manage multiple subscriptions or purchase separate or overlapping capacity.
GAAP Quarterly Financial Information
Three Months Ended April 30, 2019
Three Months Ended April 30, 2018
Product Gross Margin
Support Subscription Gross Margin
Net Loss per Share – Basic and Diluted
The following information was filed by Pure Storage, Inc. (PSTG) on Tuesday, May 21, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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