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May 02, 2021
Pure Storage Q1 2022 Earnings Report
Returned to double digit revenue growth of 12% year-over-year.
Key Takeaways
Pure Storage announced strong Q1 fiscal 2022 results, marked by a return to double-digit revenue growth of 12% year-over-year. The company saw growth in subscription services and added approximately 330 new customers, a 15% increase year-over-year.
Revenue reached $412.7 million, a 12% increase year-over-year.
Subscription services revenue grew to $162.8 million, up 35% year-over-year.
GAAP gross margin was 68.3%, while non-GAAP gross margin was 70.5%.
The company reported a GAAP operating loss of $(76.2) million and a non-GAAP operating income of $0.3 million.
Revenue by Segment
Forward Guidance
Pure Storage anticipates revenue of $470 million and non-GAAP operating income of $15 million for Q2 FY22.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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