Needham & Company Reiterates Buy on Pure Storage, Inc. (PSTG) Following 1Q Beat
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Pure Storage Announces First Quarter Fiscal 2017 Financial Results
May 25, 2016 4:05 PM EDTMOUNTAIN VIEW, Calif., May 25, 2016 /PRNewswire/ --Â Pure Storage (NYSE: PSTG) today announced financial results for its fiscal quarter ended April 30, 2016.
Key highlights include:
Quarterly revenue: $139.9 million, up 89% Y-Y, and ahead of the guidance range Quarterly gross margin: 66.5% GAAP; 67.3% non-GAAP, up 6.5 ppts and 6.8 ppts Y-Y, respectively Quarterly operating margin: -45.6% GAAP; -29.4% non-GAAP, up 19.5 ppts and 23.8 ppts Y-Y, respectively"We are pleased to report another strong quarter," said Scott Dietzen, CEO of Pure... More
