earnings
confidence high
sentiment positive
materiality 0.75
Pure Storage Q2 FY24 revenue $688.7M (+6.5% YoY); raises FY24 operating margin guidance to 15.5%
Everpure, Inc.
2024-Q2 EPS reported
-$0.24
revenue$1,277,978,000
- Revenue $688.7M (+6.5% YoY); subscription ARR $1.2B (+27% YoY); subscription services revenue $288.9M (+24% YoY).
- GAAP operating loss $(6.2)M; non-GAAP operating income $111.8M; non-GAAP operating margin 16.2%.
- Raises FY24 non-GAAP operating margin guidance to 15.5% from prior; Q3 FY24 guidance: revenue $760M, non-GAAP op income $135M.
- Record FlashBlade portfolio sales; Evergreen//One subscription sales doubled YoY; free cash flow $46.5M.
- Returned $22M to stockholders via share repurchases in Q2; total cash $1.2B.