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Feb 06, 2022
Pure Storage Q4 2022 Earnings Report
Pure Storage's Q4 2022 earnings were announced, revealing significant revenue growth and strong subscription services momentum.
Key Takeaways
Pure Storage announced strong financial results for Q4 2022, with a 41% year-over-year increase in revenue, reaching $708.6 million. The company's subscription services also saw substantial growth, with ARR up 31% year-over-year to $848.8 million. Pure Storage surpassed 10,000 customers and continued to innovate its portfolio.
Q4 revenue increased by 41% year-over-year, reaching $708.6 million.
Subscription services revenue grew by 42% year-over-year in Q4, totaling $216.0 million.
Subscription ARR reached $848.8 million, a 31% increase year-over-year.
GAAP operating income for Q4 was $29.8 million, while non-GAAP operating income was $118.7 million.
Revenue by Segment
Forward Guidance
Pure Storage provided guidance for Q1 FY23 and full year FY23, expecting revenue of approximately $520 million for Q1 and approximately $2.6 billion for the full year. Non-GAAP operating income is projected to be $16 million for Q1 and $300 million for the full year.
Positive Outlook
- Q1 FY23 Revenue approximately $520 Million
- FY23 Revenue approximately $2.6 Billion
- Estimated 19%-20% Y/Y Growth
- FY23 Non-GAAP Operating Income $300 Million
- FY23 Non-GAAP Operating Margin approximately 11.5%
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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