Pure Storage Reports Impressive First-Quarter Results for Fiscal Year 2025

Pure Storage (NYSE:PSTG) reported an 18% revenue increase in the first quarter of fiscal year 2025, reaching $693.5 million. Despite falling short of analyst estimates on adjusted EPS, the company saw significant growth in subscription services revenue, with annual recurring revenue hitting $1.4 billion. With a positive outlook for the second quarter and full fiscal year, Pure Storage’s Chairman and CEO, Charles Giancarlo, remains confident in the company’s ability to innovate and cater to the changing demands of customers.