=Pure Storage (PSTG) reported earnings on Tue 21 Aug 18 (a/h)

Pure Storage acquired StorReduce, a cloud-first software-defined storage solution for managing large scale unstructured data; financial terms of the acquisition are not being disclosed

Pure Storage beats by $0.07, beats on revs; guides Q3 revs in-line; guides FY19 revs in-line 

• Reports Q2 (Jul) earnings of $0.01 per share, $0.07 better than the S&P Capital IQ Consensus of ($0.06); revenues rose 37.5% year/year to $308.9 mln vs the $301.32 mln S&P Capital IQ Consensus.
• Reports Non-GAAP gross margin of 68.0%, all-time high.
• Co issues in-line guidancefor Q3, sees Q3 revs of $361-$369 mln vs. $363.22 mln S&P Capital IQ Consensus. Sees Non-GAAP gross margin of 64.5-67.5%, operating margin of 4.0-8.0%.
• Co issues in-line guidancefor FY19, sees FY19 revs of $1.35-$1.38 bln vs. $1.36 bln S&P Capital IQ Consensus. Sees Non-GAAP gross margin of 65.5-67.5%, operating margin of 2.5-4.5%.