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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.
Pure Storage
Pure Storage
Pure Storage Revenue by Segment
Revenue by Segment
Product Revenue
CapyFin.comSubscription Services Revenue
CapyFin.com 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