Pure Storage (PSTG) reported earnings Wed 25 May 2016 (a/h)

** charts before earnings **

 

** charts after earnings **

  

Pure Storage beats by $0.01, beats on revs; guides Q2 revs in-line  :

• Reports Q1 (Apr) loss of $0.22 per share, $0.01 better than the Capital IQ Consensus of ($0.23); revenues rose 88.8% year/year to $139.9 mln vs the $138.3 mln Capital IQ Consensus.
  • Free Cash Flow was -12.6% of revenue compared to -289.2% in prior year
  • Gross Margin 67.3% (Guidance 65-68%)
• Operating Margin (29.4%)
• Co issues in-line guidance for Q2, sees Q2 revs of $153-157 mln vs. $153.72 mln Capital IQ Consensus Estimate.
  • Sees Gross Margin in the range of 65-68%
  • Sees Operating Margin in the range of (30%)-(26%)