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Tuesday, May 21, 2019

=Pure Storage (PSTG) reported earnings on Tue 21 May 2019 (a/h)

Pure Storage misses by $0.03, misses on revs; guides Q2 revs in-line; guides FY20 revs in-line
  • Reports Q1 (Apr) loss of $0.11 per share, $0.03 worse than the S&P Capital IQ Consensus of ($0.08); revenues rose 27.7% year/year to $326.7 mln vs the $333.06 mln S&P Capital IQ Consensus.
  • Non-GAAP gross margin increased 1.8 points to 68.1%.
  • Co issues in-line guidance for Q2, sees Q2 revs of $389-$401 mln vs. $396.59 mln S&P Capital IQ Consensus. Sees Non-GAAP gross margin in the range of 65.0-68.0%, or 66.5% at the midpoint.
  • Co issues in-line guidance for FY20, sees FY20 revs of $1.70-$1.77 bln vs. $1.766 bln S&P Capital IQ Consensus. Sees Non-GAAP gross margin in the range of 65.5-68.0%, or 66.75% at the midpoint. 

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