BMO Capital Reiterates Outperform on Pure Storage, Inc. (PSTG) Following A Strong 4Q

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Go back to BMO Capital Reiterates Outperform on Pure Storage, Inc. (PSTG) Following A Strong 4Q

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

The MERCEDES AMG PETRONAS Formula One™ Team Accelerates Track Side Race Performance With Pure Storage

March 1, 2016 9:01 AM EST

MOUNTAIN VIEW, Calif., March 1, 2016 /PRNewswire/ -- Pure Storage (NYSE: PSTG), the market's leading independent solid-state array vendor, today announced a global partnership with the MERCEDES AMG PETRONAS Formula One Team. The Team chose Pure Storage based on simplicity, performance and reliability. With Pure Storage, the team is accelerating analysis of data-centric transactions that impact car performance and lap time, and is raising the bar for mission-critical business applications that underpin the entire... More