Pure Storage, Inc. (PSTG) Tops Q2 EPS by 3c, Offers Guidance

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Go back to Pure Storage, Inc. (PSTG) Tops Q2 EPS by 3c, Offers Guidance

Pure Storage Announces Second Quarter Fiscal 2018 Financial Results

August 24, 2017 4:04 PM EDT

MOUNTAIN VIEW, Calif., Aug. 24, 2017 /PRNewswire/ -- Pure Storage (NYSE: PSTG) today announced financial results for its second quarter ended July 31, 2017.

Key quarterly business and financial highlights include:

Quarterly revenue: $224.5 million, up 38% Y/Y, 3% ahead of midpoint of guidance Quarterly gross margin: 65.9% GAAP; 67.1% non-GAAP Quarterly operating margin: -28.6% GAAP; -11.8% non-GAAP, up 7.8 ppts and 7.5 ppts Y/Y, respectively Raising full-year fiscal 2018 revenue guidance to between $985 million and $1.025 billion and non-GAAP operating margin guidance to between -7% and -3%

"Pure... More