Pure Storage, Inc. (PSTG) Tops Q2 EPS by 9c; Raises Outlook

Pure Storage, Inc. (NYSE: PSTG) reported Q2 EPS of $0.14, $0.09 better than the analyst estimate of $0.05. Revenue for the quarter came in at $496.8 million versus the consensus estimate of $469.48 million.

"With revenue growth exceeding 23%, and the highest Q2 operating profit in our history, it's clear that our long-term strategy to provide customers with modern data services is working," said Charles Giancarlo, Chairman and CEO, Pure Storage. "We are in a great innovation cycle with our portfolio and our sales momentum and execution have never been stronger."

"Our outstanding financial performance this quarter reflected strong sales execution and our long standing practice of providing leading edge solutions and best-in-class services to our customers," said Kevan Krysler, CFO, Pure Storage. "We saw strength from both our enterprise and commercial customers across our entire solutions portfolio."

GUIDANCE:

Pure Storage, Inc. sees Q3 2022 revenue of $530 million, versus the consensus of $495.15 million.

Pure Storage, Inc. sees FY2022 revenue of $2.04 billion, versus the consensus of $1.96 billion.

For earnings history and earnings-related data on Pure Storage, Inc. (PSTG) click here.

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