Pure Storage (PSTG) 10-Q Report Highlights

Pure Storage, Inc. has recently released its 10-Q report, providing a detailed insight into its financial performance and operations. Pure Storage, Inc. engages in providing data storage and management technologies, products, and services globally. Its offerings include FlashArray integrated hardware systems, FlashBlade integrated hardware systems, cloud-native storage solutions, and software-as-a-service management plane. The company sells its products and subscription services through a direct sales force and channel partners.

In its 10-Q report, Pure Storage, Inc. discusses the management's discussion and analysis of financial condition and results of operations. The report highlights its revenue, cost of revenue, operating expenses, other income (expense), net, and provision for income taxes. It also provides an overview of the recent developments, including the introduction of new capabilities in its data storage platform at its annual user conference, Pure//Accelerate®, and its third Environmental, Social, and Governance (ESG) report.

The report further delves into the components of the results of operations, including revenue, cost of revenue, operating expenses, other income (expense), net, and provision for income taxes. It provides a detailed breakdown of the revenue from product sales and subscription services, showcasing the growth in revenue over the quarters. The report also discusses the subscription annual recurring revenue (ARR) and the total remaining performance obligations (RPO), providing insights into the company's future revenue expectations and performance metrics.

Additionally, the 10-Q report outlines the cost of revenue and gross margin, detailing the product and subscription services' cost of revenue and the resulting gross margins. It offers a comparison of the cost of revenue and gross margin between the second quarter of fiscal 2024 and the second quarter of fiscal 2025, providing a comprehensive view of the company's financial performance.

Following these announcements, the company's shares moved 2.6%, and are now trading at a price of $47.92. Check out the company's full 10-Q submission here.

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