Pure Storage(PSTG)
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Pure Storage(PSTG) - 2021 Q3 - Quarterly Report
2020-12-09 22:24
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 1, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-37570 Pure Storage, Inc. (Exact Name of Registrant as Specified in its Charter) (State or other jurisdiction of incorporation ...
Pure Storage(PSTG) - 2020 Q3 - Earnings Call Presentation
2020-11-25 21:05
Q3 FISCAL 2021 RESULTS NOVEMBER 24, 2020 PURESTORAGE® @ 2020 PURE STORAGE INC. 1 FORWARD LOOKING STATEMENTS AND NON-GAAP INFORMATION This presentation contains "forward-looking" statements that are based on our beliefs and assumptions and on information currently available to us. Such forward- looking statements include statements concerning our possible or expected future financial or operating results, business strategies, product development plans, technical and business advantages, competitive position, ...
Pure Storage(PSTG) - 2021 Q3 - Earnings Call Transcript
2020-11-25 04:07
Financial Data and Key Metrics Changes - Total revenue for Q3 was $410.6 million, down 4.2% year-over-year, slightly exceeding initial expectations [33] - Product revenue was $274.5 million, down 15.1% year-over-year, while Subscription Services revenue totaled $136.1 million, growing 29.5% year-over-year [33] - Subscription Services revenue represented approximately 33% of total revenue, up from approximately 25% in the same quarter of the prior year [33] - Non-GAAP gross margins for product and subscription services were 69.1%, compared to 71.7% in the prior year [38] - Non-GAAP net income for Q3 was $1.8 million, down from $34.2 million in the prior year [40] Business Line Data and Key Metrics Changes - Strong sales growth and demand were noted for Subscription Services, FlashBlade, and FlashArray//C offerings during the quarter [35] - FlashBlade and FlashArray//C achieved their highest sales levels during the quarter [35] - The remaining performance obligations (RPO) grew approximately 25% year-over-year, exceeding $1 billion at the end of the quarter [36] Market Data and Key Metrics Changes - Total revenue in the United States was $302.1 million, declining 4% year-over-year, while international revenue was $108.5 million, declining approximately 3% year-over-year [37] - The company acquired over 316 new customers in Q3, compared to 379 in the same quarter of the prior year [37] Company Strategy and Development Direction - The company is transitioning from a two-product company to a full multi-cloud data services platform, enhancing relevance to IT and application developers [11] - The acquisition of Portworx aims to expand data services capabilities for both traditional and cloud-native applications [12][13] - The introduction of the Pure Service Catalog aims to provide cloud-like transparency and improve customer experience in selecting storage services [21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strategy and execution despite ongoing COVID-19 challenges, noting improved visibility of business conditions [44][30] - The company anticipates a gradual return to growth as the pandemic abates, with expectations for new buying patterns emerging in 2021 [51][86] - Management highlighted the importance of digital transformation and the need for customers to simplify operations while providing efficient infrastructure [27] Other Important Information - The company returned $21.4 million to shareholders through share repurchases during Q3 [43] - Total cash and investments at the end of Q3 were approximately $1.2 billion [42] Q&A Session Summary Question: Is there any sense of pent-up demand going into 2021? - Management noted a positive momentum in Q3 and an improvement in customer plans, indicating optimism for future demand driven by digital transformation [50][51] Question: How is the new Head of Sales expected to impact revenue growth? - The focus will be on providing outcomes for customers through service offerings, which is expected to increase subscription sales as a percentage of total sales [58][62] Question: What is the impact of the recent acquisition of Portworx on subscription revenue? - The acquisition is expected to contribute incrementally to subscription revenue growth [63] Question: How is the competitive landscape evolving with the introduction of PowerStore? - Management indicated that PowerStore has not been a significant factor in competition, with consistent win rates against Dell products [67] Question: What is the outlook for international markets, particularly Europe? - Management expressed cautious optimism for Q4, noting that businesses are becoming more accustomed to operating in the COVID environment [84][85]
Pure Storage(PSTG) - 2021 Q2 - Quarterly Report
2020-09-10 21:49
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended August 2, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-37570 Pure Storage, Inc. (Exact Name of Registrant as Specified in its Charter) (State or other jurisdiction of incorporation or ...
Pure Storage(PSTG) - 2021 Q1 - Quarterly Report
2020-06-11 21:28
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 3, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-37570 Pure Storage, Inc. (Exact Name of Registrant as Specified in its Charter) (State or other jurisdiction of incorporation or or ...
Pure Storage(PSTG) - 2020 Q4 - Annual Report
2020-03-26 23:46
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 2, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-37570 Pure Storage, Inc. (Exact Name of Registrant as Specified in its Charter) (State or other jurisdiction of incorporation or organ ...
Pure Storage(PSTG) - 2020 Q3 - Quarterly Report
2019-12-09 22:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (State or other jurisdiction of incorporation or organization) Delaware 27-1069557 (I.R.S. Employer Identification No.) 650 Castro Street, Suite 400 Mountain View, California 94041 (Address ...
Pure Storage(PSTG) - 2020 Q2 - Quarterly Report
2019-08-30 20:24
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-37570 Pure Storage, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 27-1069557 (State or other jurisdiction o ...
Pure Storage(PSTG) - 2020 Q1 - Quarterly Report
2019-06-07 21:16
UNITED STATES SECURITIES AND EXCHANGE COMMISSION (State or other jurisdiction of incorporation or organization) WASHINGTON, DC 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 650 Castro Street, Suite 400 Mountain View, California For the quarterly period ended April 30, 2019 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-37570 Pure ...
Pure Storage(PSTG) - 2019 Q4 - Annual Report
2019-03-26 20:57
For the year ended January 31, 2019 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (State or other jurisdiction of incorporation or organization) 650 Castro Street, Suite 400 Mountain View, California 94041 (Address of principal executive offices, including zip code) (800) 379-7873 (Registrant's telephone number, including area code) Delaware 27-1069557 (I.R.S. Employer Identi ...