Pure Storage +1.4% after hours, Q3 results positive

|About: Pure Storage (PSTG)|By:, SA News Editor

Results – revenue $197M (+50% Y/Y, $4.96M above estimates), EPS -$0.10 ($0.05 over estimates), gross margin 65.5% (+3.8 ppts Y/Y), operating margin -9.8% (+11.6 ppts Y/Y)

Segment revenues – Product $160.523M (vs. $113.573M Y/Y), Support $36.433M (vs. $17.791 Y/Y)

Q4 projections – revenue $219M-$227M (consensus $221.13M), gross margin 64%-67%, operating margin -9% to -5%

Pure Storage (NYSE:PSTG) CEO Scott Dietzen: "Pure Storage continues to rewrite the rules for the data storage industry. We again reported better-than-expected financial performance, driven by customer enthusiasm for our smarter approach to enterprise storage. In a world dominated by big data and cloud computing, Pure's software-centric approach is the right solution at the right time."

Prior quarters overview

Conference call

Press release

CEO blog