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Feb 04, 2024
Pure Storage Q4 2024 Earnings Report
Pure Storage's Q4 2024 financial results were announced, revealing a mix of revenue performance and strong growth in key subscription metrics.
Key Takeaways
Pure Storage reported a slight decrease in Q4 revenue year-over-year, but demonstrated strong growth in subscription services revenue and annual recurring revenue (ARR). The company exceeded revenue and operating margin guidance for the quarter, driven by its data storage platform and Evergreen subscription offerings.
Q4 revenue decreased by 3% year-over-year to $789.8 million.
Subscription services revenue increased by 24% year-over-year to $328.9 million.
Subscription annual recurring revenue (ARR) grew by 25% year-over-year to $1.4 billion.
GAAP operating income for Q4 was $57.4 million, while non-GAAP operating income was $157.8 million.
Revenue by Segment
Forward Guidance
Pure Storage anticipates continued revenue growth and strong RPO growth in FY25, driven by its data storage platform and Evergreen and Portworx offerings.
Positive Outlook
- Q1FY25 Revenue $680M
- Q1FY25 Revenue YoY Growth Rate 15.4%
- Q1FY25 Non-GAAP Operating Income $68M
- Q1FY25 Non-GAAP Operating Margin 10%
- FY25 Revenue $3.1B
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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