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home / news releases / PSTG - Pure Storage FQ1 results beat estimates co reaffirms FY 2024 revenue growth guidance

PSTG - Pure Storage FQ1 results beat estimates co reaffirms FY 2024 revenue growth guidance

Pure Storage Inc. Class A

2023-05-31 16:49:08 ET

  • Pure Storage press release ( NYSE: PSTG ): FQ1 GAAP EPS of -$0.22 beats by $0.02 .
  • Revenue of $589.3M (-5.0% Y/Y) beats by $29.99M .
  • Subscription services revenue of $280.3M (+28% Y/Y).
  • Subscription annual recurring revenue of $1.2B (+29% Y/Y).
  • Remaining performance obligations of $1.8B (+26% Y/Y).
  • PSTG reaffirms FY 2024 revenue growth guidance in the mid to high single digits. The consensus estimate is for a Y/Y growth of 6.01%.
  • Sees FQ2 revenue of $680M vs. consensus of $656.16M.

For further details see:

Pure Storage FQ1 results beat estimates, co reaffirms FY 2024 revenue growth guidance
Stock Information
Company Name: Pure Storage Inc. Class A
Stock Symbol: PSTG
Market: NYSE
Website: purestorage.com
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