Pure Storage Surpasses Revenue Forecast
Pure Storage reported 11.4% quarterly revenue growth, yet saw a dip in free cash flow.
Pure Storage (NYSE:PSTG), a provider of flash storage solutions, released its fourth-quarter results on Feb. 26, 2025. The company's revenue of $879.8 million exceeded both management’s guidance and analyst expectations. Despite the robust revenue performance, the non-GAAP earnings per share (EPS) was $0.45, showing a year-over-year decline from $0.50. Overall, the quarter highlighted strong revenue growth, especially in subscription services.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in 2024-12-03 earnings report.
Pure Storage plays a pivotal role in modernizing data storage by transitioning from traditional disks to state-of-the-art flash storage solutions. It serves high-performance applications, especially those leveraging artificial intelligence, cloud services, and data-intense workloads.
