Pure Storage notches up a 93 per cent growth rate. Not bad, not bad

Pure Storage grew revenues 93 per per cent year-on-year in its second fiscal 2017 quarter to a record $163.2m, achieving an annual run rate of $650m; the billion looks attainable. NetApp's all-flash array run rate is about $775m while EMC's is a past a billion dollars. The net loss was $59.6m, $4.2m less than a year ago and $3 …

[Anonymous Coward]

losing money on each deal..

.. but they're going to make it up in volume.

[Anonymous Coward]

Xtreme IO is missing from the graph. There is a chart in EMC's 2014 Xtreme IO marketing PDF of the same metric (revenue post initial offering) which shows a steel hockey stick. Xterme IO is dead IMO but.. I wish Pure would make their graph more honest.

[greatwhite1x]

XtremIO never went public prior to getting acquired by EMC which is why they would be missing from this specific graph by Stifel. It's not a graph made by PSTG.

[diskmonkey]

Re:

Thought the same, but chart has datadomain, 3par and Isilon, all of which were acquired a while ago. XtremIO should be there is a 3par is.

[greatwhite1x]

Re: Re:

Data Domain, 3PAR, and Isilon were all public companies prior to being acquired. That's why they're listed and XtremIO is not.

[Anonymous Coward]

Re: Re: This is a Pure Chart, not Stifel

@greatwhite1x - the chart specifically states "Annual Revenues >$1M Post Initial PRODUCT SHIPMENTS". Has nothing to do with post-IPO. So it's very odd the chart leaves out XtremIO because it is apples-to-apples in terms of product comparison (yes, that's debatable). In fact, don't be fooled, this IS a chart from PURE as it attributes sources to "Company Data, FactSet and Stifel Estimates". Pure compiled this.

Say what you want about EMC and XtremIO, but revenue growth for XtremIO is ridiculous compared to Pure and that's why they didn't include it. There is no comparison when a product does more than a billion in less than 2 years. How many years head start did Pure have over XtremIO?

[Anonymous Coward]

XtremIO on graph? really?

Not only did XtremIO not go public, they didn't even have a product (shipped) prior to being acquired by EMC. It took 6-12 months post acquisition to even start selling a product, so how could they appear on this graph?

[greatwhite1x]

Inflation

Question for Chris - Did Stifel mention if their graph had accounted for inflation since all of these companies didn't IPO in the same year? I don't imagine a change for 90% of the companies listed, but NTAP IPO'd over 20 years ago. Accounting for inflation would impact their chart velocity significantly.