Cloud Hosting

Riding A Wave Of Software, Services For Storage Growth

Pure Storage continues to grow its storage business with a focus on the company's software and especially its Pure-as-a-Service subscription service. However, CEO Charles Giancarlo also makes it clear that hardware, whether sold by Pure Storage or in an Amazon Web Services cloud, is important for storage, given that that software and services need someplace to run.

The Mountain View, Calif.-based all-flash storage pioneer this week released its first fiscal quarter 2021 financials, reporting a year-over-year 12-percent growth in total revenue, a 37-percent growth in subscription services revenue, and a big drop in its expected net loss. After the financial report was released, Giancarlo talked to CRN about the results and about what can be expected from Pure Storage for the rest of 2020. He also outlined some of what to expect at the virtual Pure Accelerate conference in early June, and offered Pure's take on Dell Technologies' new PowerStore midrange storage line.

Continue reading here:
Pure Storage CEO On Why The Firm Was 'Well Positioned' Before COVID-19 Hit And What's Next - CRN: Technology news for channel partners and solution...