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Pure Storage: Doing Very Well, Thank You For Asking

Anyone looking for the bad news stemming from Pure Storage's third fiscal quarter 2020 results and changes at its top executive level had best not ask Charles Giancarlo, the company's CEO.

Mountain View, Calif.-based Pure Storage late last month said it did not meet its third fiscal quarter expectation and which reduced its fourth fiscal quarter guidance because of softening storage prices and new macroeconomic headwinds. The company also said its longtime president, David "Hat" Hatfield will transition to a new role as vice chairman and president emeritus. He also introduced the company's first-ever chief operating officer, as well as its new chief financial officer.

But none of that should be looked at in a negative way, Giancarlo said. He told CRN that Pure Storage is continuing to generate cash, and has no debt, which he said combined means the company has "$56 billion" more in net cash compared to rival Dell Technologies. In addition, he said, the company is continuing to advance its cloud capabilities in such a way that differentiates it from rival NetApp.

For more on Pure Storage's financial situation, competitive situation, cloud situation, and executive situation, and to learn about the search for Giancarlo's one-syllable nickname to bring him in line with other "Puritans," turn the page.

Link:
Pure Storage CEO Giancarlo Talks Cloud, Exec Changes, And Having '56 Billion More Dollars Than Dell' - CRN: The Biggest Tech News For Partners And The...