Pure Storage Stock Soars on Higher Subscription Revenue

Key Takeaways

• A 22% leap in subscription income boosted outcomes at Pure Storage, sending shares hovering.
• The information storage supplier beat analysts' adjusted earnings per share and income estimates.
• Pure Storage elevated its steerage for full-year income.

Shares of Pure Storage (PSTG) soared greater than 20% Wednesday, a day after the info storage supplier beat revenue and gross sales estimates and raised its steerage on increased subscription income.

Pure Storage reported third-quarter fiscal 2025 adjusted earnings per share (EPS) of $0.50, with income advancing 9% year-over-year to $831.1 million. Analysts surveyed by Seen Alpha had been in search of $0.42 and $814.9 million, respectively.

Subscription providers income elevated 22% to $376.3 million, and subscription annual recurring income (ARR) additionally was up 22% to $1.6 billion. 

CFO Says Demonstrated 'Sustaining Power of Our Enterprise Fashions'

Chief Monetary Officer (CFO) Kevan Krysler stated the quarter “exceeded our expectations on revenue and operating income, demonstrating the sustaining strength of our business models.”

The corporate now sees full-year income of $3.15 billion, up from the earlier outlook of $3.10 billion.

Pure Storage shares have risen 80% this 12 months.

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