"Pure Storage delivered revenue of $964.5 million in fiscal Q3, marking 16 percent year-over-year growth. The figure landed slightly above company projections. Profit per share came in at $0.58 when excluding certain costs, meeting analyst expectations. However, net profit declined to $54.8 million as the company ramped up spending on AI initiatives and neocloud projects. Product revenue reached $534.8 million, with subscription revenue hitting $429.7 million."
"CrowdStrike reported fiscal Q3 2026 revenue of $1.23 billion, up 22 percent year-over-year and ahead of forecasts. Profit per share rose from $0.76 to $0.96 when excluding certain costs. Subscription revenue grew 21 percent to $1.17 billion, while annual recurring revenue hit $4.92 billion, demonstrating 23 percent growth. The cybersecurity firm's customer base continues expanding alongside deal sizes. For the current quarter, revenue guidance sits at $1.29 to $1.30 billion, with full-year expectations around $4.8 billion."
Five major tech companies — Pure Storage, CrowdStrike, Okta, GitLab and Box — reported quarterly earnings with varied results across storage, security and SaaS. Pure Storage posted fiscal Q3 revenue of $964.5 million, a 16 percent year-over-year increase, with product revenue of $534.8 million and subscription revenue of $429.7 million, while net profit fell to $54.8 million due to increased AI and neocloud spending. Pure raised its full-year outlook to $3.63–$3.64 billion and expects next-quarter revenue of $1.02–$1.04 billion. CrowdStrike reported fiscal Q3 revenue of $1.23 billion, ARR of $4.92 billion, strong subscription growth and raised guidance above prior expectations.
Read at Techzine Global
Unable to calculate read time
Collection
[
|
...
]