Pure Storage Inc on Thursday reported second-quarter adjusted earnings per share of $0.70, beating the $0.58 estimate from analysts polled by Refinitiv. Revenue totaled $1.19 billion, topping the $1.10 billion consensus forecast.
The company’s net income for the quarter ended July 31 stood at $106 million, or $0.43 per share on a GAAP basis, compared with a net loss of $11 million in the same period a year earlier. Non-GAAP gross margin expanded to 69.2%, up from 67.3% in the prior-year quarter.
Pure Storage’s board also declared a quarterly cash dividend of $0.11 per share, payable on Sept. 19 to shareholders of record as of Sept. 5. The dividend marks the company’s fourth consecutive quarterly payout.
Shares of Pure Storage closed at $108.90 on Wednesday, up 36.96% over the past three months and 35.21% year-over-year. Over the last 90 days, 19 analysts have raised their earnings estimates for the company, with no downward revisions recorded.
The company’s financial health was rated as "good performance" by InvestingPro, reflecting sustained profitability and margin expansion amid strong demand for its all-flash storage solutions.
