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UBS Reiterates Buy on Pure Storage, Inc. (PSTG) Following 2Q Report

Go back to UBS Reiterates Buy on Pure Storage, Inc. (PSTG) Following 2Q Report

Pure Storage Announces Second Quarter Fiscal 2017 Financial Results

August 25, 2016 4:05 PM EDT

MOUNTAIN VIEW, Calif., Aug. 25, 2016 /PRNewswire/ -- Pure Storage (NYSE: PSTG) today announced financial results for its fiscal second quarter ended July 31, 2016.

Key financial highlights include:

Quarterly revenue: $163.2 million, up 92.8% Y/Y, and ahead of the guidance range of $153 million to $157 million. Quarterly gross margin: 65.2% GAAP; 66.3% non-GAAP, up 6.7 ppts and 7.1 ppts Y/Y, respectively, and in line with non-GAAP gross margin guidance of 65-68%. Quarterly operating margin: -36.4% GAAP; -19.3%... More

Pure Storage: A Leader - Three Years in a Row

August 24, 2016 1:47 PM EDT

MOUNTAIN VIEW, Calif., Aug. 24, 2016 /PRNewswire/ -- Pure Storage (NYSE: PSTG), the market's leading independent solid-state array vendor, today announced that it has retained its position in the Leaders Quadrant of the Magic Quadrant for Solid State Arrays (SSAs) by Gartner, Inc., a leading global research firm. For the third straight year, Pure Storage is positioned furthest along the "Completeness of Vision" axis in the Leaders Quadrant.... More