- Pure Storage Inc PSTG shares traded higher by 14.3% at $23.95 on the last check Thursday.
- The data storage platform company reported second-quarter FY22 revenue of $496.8 million, up 23% year-on-year, beating the analyst consensus of $469.5 million.
- Pure Storage saw strength from both its enterprise and commercial customers across its entire solutions portfolio.
- Subscription services revenue grew 31% Y/Y to $171.9 million. Product revenue grew 19% Y/Y to $324.9 million.
- Non-GAAP EPS of $0.14 beat the consensus of $0.05.
- Pure Storage held $1.3 billion in cash and equivalents.
- Pure Storage sees Q3 revenue of $530 million, beating the consensus of $495.2 million. The FY22 revenue guidance of $2.04 billion beat the consensus of $1.96 billion.
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