{"id":18801,"date":"2022-03-03T08:02:25","date_gmt":"2022-03-03T16:02:25","guid":{"rendered":"https:\/\/marketdepth.com\/?p=18801"},"modified":"2022-03-03T08:02:27","modified_gmt":"2022-03-03T16:02:27","slug":"pure-storage-shares-up-after-strong-fourth-quarter-and-full-year-fiscal-2022-financial-results","status":"publish","type":"post","link":"https:\/\/marketdepth.com\/pure-storage-shares-up-after-strong-fourth-quarter-and-full-year-fiscal-2022-financial-results\/","title":{"rendered":"Pure Storage Shares Up After Strong Fourth Quarter and Full Year Fiscal 2022 Financial Results"},"content":{"rendered":"\n
Pure Storage, Inc.<\/strong> (NYSE: PSTG) shares jumped more than 18% after the technology and data storage solutions provider announced financial results for its fiscal fourth quarter and full year ended February 6, 2022.<\/p>\n\n\n\n For the fourth quarter, the Company reported revenue $708.6 million, up 41% year-over-year and subscription services revenue $216.0 million, up 42% year-over-year.\u00a0<\/p>\n\n\n\n “By every measure, Pure had an outstanding quarter and fiscal year. As evidenced by the 41% growth in Q4, our strategy to deliver an innovative portfolio of data storage and services, with industry-leading customer experiences and flexible, efficient operations continues to position Pure as the trusted provider for all organizations.”<\/p>Charles Giancarlo, Chairman and CEO, Pure Storage<\/cite><\/blockquote>\n\n\n\n For the full year, Pure Storage, revenue $2.18 billion, up 29% year-over-year and subscription services revenue $738.5 million, up 37% year-over-year.<\/p>\n\n\n\n “We are thrilled to be capping off the year in a position of leadership and strength. The momentum we are experiencing is the year’s culmination of relentless focus on innovating for our customers.”<\/p>Kevan Krysler, CFO, Pure Storage<\/cite><\/blockquote>\n\n\n\n Pure Storage, Inc. provides technology and data storage solutions in the United States and internationally. The company delivers solutions based on proprietary Purity Operating Environment Software that implements enterprise-class storage services, such as data reduction, encryption, and protection, as well as protocol services, including block, file, and object.<\/p>\n","protected":false},"excerpt":{"rendered":"Pure Storage, Inc. (NYSE: PSTG) shares jumped more than 18% after the technology and data storage solutions provider announced financial results for its fiscal fourth quarter and full year ended February 6, 2022. Revenue up 40% For the fourth quarter, the Company reported revenue $708.6 million, up 41% year-over-year and subscription services revenue $216.0 million,… View Article<\/a>","protected":false},"author":3,"featured_media":18040,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"pmpro_default_level":0,"footnotes":""},"categories":[31,17,11,16],"tags":[],"acf":[],"yoast_head":"\nRevenue up 40%<\/h5>\n\n\n\n