Pure Storage reported third-quarter results late Wednesday that beat estimates on the top and bottom lines. PSTG stock rose.
The company reported adjusted earnings of 31 cents a share on revenue of $676 million. Analysts expected Pure Storage to report earnings of 25 cents a share on revenue of $672 million.
PSTG stock climbed 1.8% to 29.70 during after-hours trading on the stock market today.
The company said it expects fourth-quarter revenue of $810 million, slightly below estimates of $813 million.
Pure Storage makes high-speed storage systems for businesses and cloud computing using all-flash chip technology.
"Through solid execution, we delivered strong financial results in Q3 by growing revenue 20% and increasing our operating profits," Chief Financial Officer Kevan Krysler said in a written statement with the earnings release.
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