Pure Storage Q3: Strong Revenue, Mixed Market Reaction

Pure Storages Q3 results show robust revenue growth, with a 16% increase to $964.5 million, surpassing expectations. However, stocks reacted negatively due to a dip in operating margins from 7.2% to 5.6%. The companys guidance for Q4 revenue is $1.03 billion, slightly above estimates. The strong performance is attributed to enterprise sales and specialized storage solutions. Pure Storage plans to invest in R&D and expand product offerings, but warns of potential profit margin changes and revenue impact from evolving business models and commodity prices.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.