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Pure Storage’s shift to AI and cloud subscriptions pays off with strong earnings beat
Pure Storage's shift to AI and cloud subscriptions pays off with strong earnings beat - SiliconANGLE
The CEO also revealed that the company is on the verge of concluding a deal that will see it work with one of the large cloud infrastructure providers to replace its disk-based storage environments with its own, flash-based offerings. Steve McDowell of NAND Research told SiliconANGLE that Pure Storage has had considerable success in its aggressive focus on pushing customers to its cloud-like as-a-service model. Investors were willing to forgive the slight blip in the company’s long-term forecast, though, as its stock jumped more than 8% in the after-hours trading session, adding to a gain of 1% earlier in the day.
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