Shares of $Pure Storage (PSTG.US)$ were up more than 23% in after-hours trading Tuesday after reporting quarterly earnings of $0.50 per share which beat the analyst consensus estimate of $0.42 by 19.05%. This is unchanged from the same period last year.
The company reported quarterly sales of $831.07 million which beat the analyst consensus estimate of $818.14 million by 1.58%. This is a 8.94% increase over sales of $762.84 million the same period last year.
"Pure Storage has achieved another industry first in our journey of data storage innovation with a transformational design win for our DirectFlash technology in a top-four hyperscaler," said Pure Storage Chairman and CEO Charles Giancarlo.
"This win is the vanguard for Pure Flash technology to become the standard for all hyperscaler online storage, providing unparalleled performance and scalability while also reducing operating costs and power consumption."'
