Everpure Announces First Quarter Fiscal 2027 Financial Results
Everpure (formerly Pure Storage) reported Q1 FY27 revenue of $1.1 billion, up 35% year-over-year, driven by 55% growth in product revenue and 17% growth in subscription services. The company delivered record operating profit, exceeding the high end of its prior guidance, with non-GAAP operating income of $159 million and a 15.1% margin. Free cash flow was $112 million. Management raised full-year FY27 revenue guidance to $4.41B-$4.51B (from $4.3B-$4.4B) and non-GAAP operating income to $820M-$860M (from $780M-$820M), citing robust demand for its Enterprise Data Cloud solutions.
Key figures
- Eps
- 0.07
- Revenue
- 1052896000
- Guidance
- FY27 Revenue $4.41B-$4.51B (raised from $4.3B-$4.4B); FY27 Non-GAAP Op Income $820M-$860M (raised from $780M-$820M)
- Revenue Yoy
- 35%
- Arr
- 2000000000
- Rpo
- 3800000000
- Arr yoy
- 19%
- Rpo yoy
- 41%
- Total cash
- 1504749000
- Free cash flow
- 111750000
- Product revenue
- 576544000
- Gaap gross margin
- 68.7%
- Shares repurchased
- 1300000
- Operating cash flow
- 180164000
- Product revenue yoy
- 55%
- Subscription revenue
- 476352000
- Gaap operating income
- 19939000
- Gaap operating margin
- 1.9%
- Non gaap gross margin
- 70.1%
- Share repurchases value
- 84103000
- Subscription revenue yoy
- 17%
- Non gaap operating income
- 158756000
- Non gaap operating margin
- 15.1%
AI analysis
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