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Feb 05, 2023
Pure Storage Q4 2023 Earnings Report
Pure Storage's Q4 2023 earnings exceeded expectations, marked by revenue growth, record operating profit, and margin.
Key Takeaways
Pure Storage announced strong Q4 financial results with a 14% increase in revenue and record operating profit and margin. The company introduced FlashBlade//E, an unstructured data repository priced under $0.20 per GB.
Q4 revenue reached $810.2 million, a 14% increase year-over-year.
Full-year revenue was $2.8 billion, up 26% year-over-year.
Q4 subscription services revenue totaled $265.1 million, up 23% year-over-year.
Q4 subscription annual recurring revenue (ARR) reached $1.1 billion, up 30% year-over-year.
Pure Storage
Pure Storage
Pure Storage Revenue by Segment
Revenue by Segment
Product Revenue
CapyFin.comSubscription Services Revenue
CapyFin.com Forward Guidance
FY24 Revenue is expected to have a mid to high single digit Y/Y Growth. Non-GAAP Operating Margin is expected to be 15%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income