Pure Storage Q1 revenue up 50% YoY to $620.4M; raises FY23 revenue outlook to $2.66B

Everpure, Inc.

2023-Q1 EPS reported -$0.04 revenue$620,405,000

Revenue $620.4M (+50% YoY); subscription ARR $899.8M (+29%); RPO $1.4B (+26%).
GAAP operating loss $(4.6)M; non-GAAP operating income $85.4M (record Q1 operating profit).
Operating cash flow $220.1M; free cash flow $187.3M; returned $66M via share repurchases.
Q2 FY23 guidance: revenue ~$635M, non-GAAP op. income $75M; FY23 revenue guidance raised to ~$2.66B.
FlashBlade named leader in IDC MarketScape; new partnerships with Snowflake, Kyndryl, expanded AWS.

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