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Jan 31, 2021
Pure Storage Q4 2021 Earnings Report
Pure Storage's Q4 2021 earnings surpassed expectations, with record revenue and sales for both the quarter and the full fiscal year.
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
Revenue by Segment
Product Revenue
CapyFin.comSubscription Services Revenue
CapyFin.com 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