losing money on each deal..
.. but they're going to make it up in volume.
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 …
@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?
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.