The Futurum Group's Statement on Israel

Pure Storage Earnings

The Six Five team takes a look at the recent Pure Storage earnings report.

If you are interested in watching the full episode you can check it out here.

Disclaimer: The Six Five Webcast is for information and entertainment purposes only. Over the course of this webcast, we may talk about companies that are publicly traded and we may even reference that fact and their equity share price, but please do not take anything that we say as a recommendation about what you should do with your investment dollars. We are not investment advisors and we do not ask that you treat us as such.


Patrick Moorhead: Hey, let’s move to the next. Let’s move this on.

Daniel Newman: Yeah. Super fast.

Patrick Moorhead: Pure rip it. Go

Daniel Newman: All right Pat. Well, you hit it on the head. That was the whole thing. 26% year on year growth, huge growth in customers. Their NPS story is world class, top 1% of companies in the marketplace. They’re seeing revenue growth. I’m sorry. Their guidance’s at 26%, their revenue growth at 30%, the subscription had over 30%. I don’t know what anyone’s talking about with the recession, but Pure Storage is absolutely rocking and rolling and their customers love using the technology. I know we’re on a really short period of time, so I’m going to just make one more comment and I’m going to pass it back to you, but this company is growing like hyper. It’s growing at the speed of Google Cloud, it’s growing at the speed of Azure, it’s growing at the speed of, twice as fast as Salesforce. It is an impressive growth rate right now for a company in boring, old storage, and so maybe storage is for boring when you put a new innovative spin on it. Great job Pure Storage, sorry we couldn’t talk more about it, but Pat has to go.

Patrick Moorhead: Pure, they saved the best infrastructure result for last. The 30% growth rates are cloud growth rates, which is obscene and amazing, and I loved what they put in there. As everybody’s talking about backlogs and lead times, normal lead times, that was a thumb to the nose of the NetApps and the Dells of the world.

Author Information

Daniel is the CEO of The Futurum Group. Living his life at the intersection of people and technology, Daniel works with the world’s largest technology brands exploring Digital Transformation and how it is influencing the enterprise.

From the leading edge of AI to global technology policy, Daniel makes the connections between business, people and tech that are required for companies to benefit most from their technology investments. Daniel is a top 5 globally ranked industry analyst and his ideas are regularly cited or shared in television appearances by CNBC, Bloomberg, Wall Street Journal and hundreds of other sites around the world.

A 7x Best-Selling Author including his most recent book “Human/Machine.” Daniel is also a Forbes and MarketWatch (Dow Jones) contributor.

An MBA and Former Graduate Adjunct Faculty, Daniel is an Austin Texas transplant after 40 years in Chicago. His speaking takes him around the world each year as he shares his vision of the role technology will play in our future.


Latest Insights:

Keith Kirkpatrick, Research Director, Enterprise Applications, at The Futurum Group, discusses the common challenges faced by field service workers, provides an overview of the market for field service applications, and covers how SaaS companies’ offerings are meeting these needs.
A New Era of Simplicity, Focus Subscription Services, and Innovation
Camberley Bates and Steven Dickens at The Futurum Group share their insights on the recent VMware Analyst Day and conversations with Hock Tan.
Arcitecta Demonstrated Its Enhanced Livewire Data Movement Capabilities at Supercomputing Asia 2024
Mitch Lewis, Research Analyst at The Futurum Group, shares his insights on Arcitecta’s results in the international Data Mover Challenge at SCA24 and recent enhancements to Mediaflux Livewire.
Cisco and NVIDIA Strengthen Alliance to Accelerate Enterprise Adoption and Management of AI Infrastructure and Hosting on Secure Ethernet Foundation
The Futurum Group’s Ron Westfall examines how the strengthened Cisco NVIDIA alliance can play an integral role in accelerating enterprise transition and re-architecting to AI networking vital to deploying and securing Ethernet-driven AI solutions.