Pure Storage(US:PSTG)2024-02-29 02:22Financial Performance - FY24 Revenue reached $2.83 billion, a 3% year-over-year growth[133] - Q4 FY24 Subscription Annual Recurring Revenue (ARR) was $1.37 billion, representing a 25% year-over-year growth[133] - The company achieved a non-GAAP operating margin of 16.2% in FY24[133] - Total Remaining Performance Obligations (RPO) grew by 31% year-over-year in Q4, exceeding $2.3 billion[133] Gross Profit and Margin (Non-GAAP) - Total gross profit and margin (non-GAAP) was 69.4%[18] - Product gross profit and margin (non-GAAP) was 73.4%[258] - Subscription services gross profit and margin (non-GAAP) was 74.1%[360] Operating Expenses (Non-GAAP) - R&D (non-GAAP) expenses for EY24 were $556.3 million, representing 19.7% of revenue[28] - S&M (non-GAAP) expenses for EY24 were $863.6 million, representing 30.5% of revenue[28] - G&A (non-GAAP) expenses for EY24 were $195.1 million, representing 6.9% of revenue[28] Cash Flow - Operating cash flow for FY24 was $678 million[182] - Free cash flow for FY24 was $483 million[197] Guidance - The company projects FY25 revenue to reach $3.1 billion, representing a 10.5% year-over-year growth rate[223]