Pure Storage (NYSE:PSTG) Full Year 2024 Results

Key Financial Results

• Revenue: US$2.83b (up 2.8% from FY 2023).

• Net income: US$61.3m (down 16% from FY 2023).

• Profit margin: 2.2% (down from 2.7% in FY 2023).

• EPS: US$0.20 (down from US$0.24 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Pure Storage EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 33%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Tech industry in the US.

Performance of the American Tech industry.

The company's shares are up 28% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Pure Storage, and understanding these should be part of your investment process.

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