Pure Storage Q4 2021 Earnings Report
Key Takeaways
Pure Storage reported a strong Q4 2021, with revenue reaching $502.7 million, a 2.2% increase year-over-year. The company saw growth across subscription services, enterprise and cloud segments, and new product lines. The company's Q1 FY22 revenue guidance is $405 million, representing 14%-15% Y/Y growth.
Q4 revenue reached $502.7 million, up 2.2% year-over-year.
Completed a record number of eight deals greater than $10 million in Q4.
Annual Subscription Services revenue exceeded $500 million, achieving 33% growth.
FlashBlade and FlashArray//C achieved consecutive record sales quarters.
Pure Storage
Pure Storage
Pure Storage Revenue by Segment
Forward Guidance
Pure Storage anticipates Q1 FY22 revenue of approximately $405 million, representing a 14%-15% year-over-year growth. The company expects non-GAAP operating income of approximately $(20) million for Q1 FY22 and ~$90 million for FY22.
Positive Outlook
- Revenue $405 Million
- 14%-15% Y/Y Growth
- Non-GAAP Operating Income (Loss) $(20) Million
- ~$90 Million
Revenue & Expenses
Visualization of income flow from segment revenue to net income