All-flash shipper #Pure Storage delivered higher-than-expected revenue for its first fiscal 2017 quarter, but also had the first quarter-on-quarter revenue decline in its history since the IPO. Analysts thought it could have done better.
Is this seasonality emerging for the first time or was there some other reason its turbo-charged growth rate faltered?
Revenues for the three months to April 30 were $139.9m, 89.9 per cent higher than a year-ago but 6.9 per cent less than the previous quarter, with product revenue being 12 per cent less. There was a net loss of $63.5m, 29.3 per cent worse than a year ago and 43 per cent worse than the $44.3m loss in the previous quarter
http://www.theregister.co.uk/2016/05/26/pure_q1_fy17_results/
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