Pure Storage Q1 FY24 revenue $589.3M, down 5% YoY; subscription ARR $1.2B +29%

Everpure, Inc.

2024-Q1 EPS reported -$0.22 revenue$589,307,000

GAAP operating loss $71.8M; non-GAAP operating income $19.6M; GAAP op margin (12.2)% vs non-GAAP 3.3%.
Subscription services revenue $280.3M (+28% YoY); ARR $1.2B (+29%); RPO $1.8B (+26%).
Q2 FY24 revenue guidance $680M; FY24 revenue guided mid-to-high single digit YoY growth; non-GAAP op margin 15%.
Operating cash flow $173.2M; free cash flow $121.8M; share repurchases of ~$70M (2.9M shares).
LTP awards to executives with market cap targets: $15B threshold, $21B maximum, vesting by March 2028.

item 2.02 item 5.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Everpure, Inc. reported first quarter fiscal 2024 ended May 7, 2023 results: revenue $589.3 million. Guidance initiated.

Period: first quarter fiscal 2024 ended May 7, 2023
Revenue: $589.3 million
Guidance: initiated
Result: reported results

Exact text from the filing

efficiencies of Pure’s product portfolio over both hard disk and SSD-based, all-flash competitive offerings are now undeniable.” First Quarter Financial Highlights • Revenue $589.3 million, a decrease of 5% year-over-year, and an increase of 5% year-over-year, when excluding the impact of $60 million of first quarter fiscal 2023 product revenue that was

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Everpure, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-020310

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