Pure Storage (PSTG) reported revenue of $831.07 million for the quarter ended October 2024, up 8.9% from the same period last year. The company’s EPS came in at $0.50, matching the year-ago quarter.
The reported revenue exceeded Zacks Consensus Estimate by +2.00%, while the EPS surprise was +16.28%. This indicates a strong performance for Pure Storage.
In terms of key metrics, Pure Storage delivered:
* Revenue from product sales increased by 0.3% compared to the year-ago quarter
* Subscription services revenue grew by 21.6%
* Non-GAAP gross profit from subscription services reached $291.33 million, exceeding analyst estimates
Shares of Pure Storage have returned +6.7% over the past month, outperforming the Zacks S&P 500 composite. The stock currently has a Zacks Rank #3 (Hold), suggesting it may perform in line with the broader market.
Investors can view all key company metrics for Pure Storage here.
Source: https://finance.yahoo.com/news/pure-storage-pstg-q3-earnings-230006914.html