On December 3, 2024, Pure Storage announced its Q3 FY25 financial results, reporting a revenue of $831.1M, a 9% YoY increase. Subscription services revenue rose 22% YoY to $376.4M, with an ARR of $1.6B. The company achieved a GAAP gross margin of 70.1% and a non-GAAP gross margin of 71.9%. Operating income was $59.7M GAAP and $167.3M non-GAAP.Pure Storage secured a significant design win for its DirectFlash technology with a top-four hyperscaler, marking a major milestone in its data storage innovation journey. This win positions Pure Flash technology as a standard for hyperscaler online storage, enhancing performance and reducing costs.Looking ahead, Pure Storage projects Q4 FY25 revenue of $867M, a 9.7% YoY growth, and FY25 revenue of $3.15B, with an 11.5% YoY growth. The company remains focused on innovation and long-term value creation.

On December 3, 2024, Pure Storage announced its Q3 FY25 financial results, reporting a revenue of $831.1M, a 9% YoY increase. Subscription services revenue rose 22% YoY to $376.4M, with an ARR of $1.6B. The company achieved a GAAP gross margin of 70.1% and a non-GAAP gross margin of 71.9%. Operating income was $59.7M GAAP and $167.3M non-GAAP.Pure Storage secured a significant design win for its DirectFlash technology with a top-four hyperscaler, marking a major milestone in its data storage innovation journey. This win positions Pure Flash technology as a standard for hyperscaler online storage, enhancing performance and reducing costs.Looking ahead, Pure Storage projects Q4 FY25 revenue of $867M, a 9.7% YoY growth, and FY25 revenue of $3.15B, with an 11.5% YoY growth. The company remains focused on innovation and long-term value creation.