Pure Storage, Inc. (PSTG) Tops Q4 EPS by 4c, Sales Beat; Guides Above the Street

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Go back to Pure Storage, Inc. (PSTG) Tops Q4 EPS by 4c, Sales Beat; Guides Above the Street

Pure Storage Announces Fourth Quarter and Fiscal Year 2016 Financial Results

March 2, 2016 4:05 PM EST

MOUNTAIN VIEW, Calif., March 2, 2016 /PRNewswire/ -- Pure Storage (NYSE: PSTG) today announced financial results for the fourth quarter and fiscal year ended January 31, 2016.

Pure Storage posted revenue of $150.2 million compared to revenue of $65.9 million in the year-ago quarter. For the fourth quarter of fiscal 2016, GAAP gross margin was 65.3% and GAAP product gross margin was 68.2%, compared to 55.2% and 58.3%, respectively, in the year-ago quarter. GAAP net loss was $44.3 million for the fourth quarter of fiscal 2016, compared to $47.6 million in the year-ago quarter. Non-GAAP... More