Loading...
•
Nov 01, 2020
Pure Storage Q3 2021 Earnings Report
Pure Storage's financial performance and execution exceeded expectations, driven by strong subscription services sales and record sales for FlashBlade and FlashArray//C solutions.
Key Takeaways
Pure Storage announced its Q3 fiscal year 2021 financial results, reporting a revenue of $410.6 million, a 4% decrease year-over-year, but subscription services revenue increased by 29% year-over-year.
Revenue was $410.6 million, a decrease of 4% year-over-year.
Subscription services revenue reached $136.1 million, up 29% year-over-year.
GAAP operating loss was $(65.2) million, while non-GAAP operating income was $3.4 million.
The company acquired Portworx in Q3 to enhance its Kubernetes data services platform.
Revenue by Segment
Forward Guidance
Pure Storage anticipates Q4 revenue to be $480 million, a 2% decrease year-over-year, and non-GAAP operating profit to be approximately $26 million.
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
Loading earnings performance data...
Loading earnings reaction data...