Pure Flash beats Q2 estimates, sees big revenue gains

The flash storage startup nearly doubled its business year over year.
Written by Stephanie Condon, Senior Writer

Pure Flash reported its second quarter results on Thursday, revealing that the flash storage startup has nearly doubled its business in the past year.

The company reported a non-GAAP net loss of 16 cents a share on revenue of $163.2 million. Its revenue increased 92.8 percent year over year.

Wall Street was expecting a loss of 23 cents per share on revenue of $115.14 million.


The Mountain View, Calif.-based startup, which went public in October 2015, started shipping its second major product line, called FlashBlade, in the second quarter. However, CEO Scott Dietzen said in a statement that the firm doesn't expect FlashBlade to have a material impact on revenue this year.

The company also landed some major new customers in the quarter, including British Airways, the University of Tokyo, and Sally Beauty Supply. In all, Pure Storage gained more than 350 new customers in Q2, bringing its total customer count to 2,300 organizations.

"We are very pleased with the growth of the business in the July quarter, driven by solid repeat purchase rates, by partnering with the channel to accelerate our go-to-market, by healthy demand from cloud customers -- which accounts for more than 25 percent of our business -- and by growing sales to international customers, who made up 25 percent of revenue," Dietzen said in a statement.

For the third quarter, Pure Storage is forecasting revenue in the range of $187 million to $195 million.

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