Pure Sees Strong Customer Adoption of its
Evergreen Subscription Services, Surpassing $1B in ARR for the First Time
MOUNTAIN
VIEW, Calif., Jan. 17,
2023 /PRNewswire/ -- Pure Storage® (NYSE:
PSTG), the IT pioneer that delivers the world's most advanced data
storage technology and services, today announced continued growth
of its subscription service offerings, including its
Evergreen® portfolio, in addition to a new energy
efficiency service level agreement (SLA) for Evergreen//One™. The
introduction of the new SLA represents the first and only
energy efficiency guarantee in the enterprise storage as a service
market, and supports Pure Storage's mission to provide customers
with the most sustainable storage technology to meet their
goals.
Momentum Highlights:
- Evergreen//One Energy Efficiency SLA: On the heels of
introducing the Pure1® Sustainability Assessment and the
Energy Savings Visualizer to help customers dramatically reduce
their environmental footprint, the new Evergreen//One SLA
guarantees energy efficiency for organizations of any size.
-
- The energy efficiency SLA enables organizations to measure the
maximum number of actual Watts per tebibyte (TiB).
- If the guaranteed Watts/TiB is not met, customers can request
service credits and Pure Storage will execute remediation actions,
including densification or consolidation, at no additional
cost.
- Subscription Services Growth: As a result of increased demand
from existing and new customers for its subscription offerings -
including its Evergreen Portfolio (Evergreen//One,
Evergreen//Forever™, Evergreen//Flex™), Pure Cloud Block Store, and
Portworx® - in the third quarter of fiscal year 2023,
Pure achieved:
-
- Subscription Annual Recurring Revenue (ARR) of $1 billion for the first time, up 30%
year-over-year.
- Subscription Services revenue of $244.8
million, up 30% year-over-year.
Industry Significance:
The enterprise storage industry has long been burdened by
substantial energy usage, high costs, short technology refresh
cycles, forklift upgrades, unplanned downtime, and overall data
storage complexity.
Global enterprises, however, are on a path to embrace flexible,
consumption-based operating models and modern services that both
drive stronger value and efficiencies, and contribute to the
overall reduction of environmental impact over time.
A recent IT Sustainability Impact Survey revealed that 86% of
sustainability program directors recognize that companies cannot
reach their sustainability goals without significantly reducing
their technology infrastructure energy usage. However,
organizations cannot manage sustainability without a reliable and
consistent way of measuring it.
Through Pure Storage's global partner ecosystem, Evergreen//One
enables customers to not only benefit from continuous innovation,
financial flexibility, and operational agility, but achieve new
levels of energy efficiency by measuring Watts per TiB to meet
long-term sustainability goals.
Evergreen//One Milestones:
- Pioneered in 2015, Pure's subscription-based Evergreen Storage
program paved the way for the new era of IT ownership by delivering
a true subscription to innovation.
- In 2018, Pure Storage unveiled the first true consumption-based
model for storage, Pure as-a-Service (now Evergreen//One), which
delivers the agility and flexibility of public cloud storage with
the security and performance of an all-flash infrastructure.
- In late 2022, Pure Storage's subscription Annual Recurring
Revenue (ARR) - supported by the Evergreen Portfolio, Pure Cloud
Block Store, and Portworx - reached $1.0
billion for the first time.
- Now, Evergreen//One enables customers to subscribe to five
critical enterprise-grade SLAs, including no scheduled downtime for
upgrades or maintenance, 99.9999% uptime guarantee, a 25% storage
capacity buffer relative to usage, unrivaled storage performance
aligned with service tier, and efficiency measured by Watts per
TiB.
Executive Insight:
- "Data storage is historically one of the most challenging
elements of running a business - it's dynamic, grows quickly, and
requires extensive resources to provision and maintain. However,
it's absolutely critical to operating a successful and scalable
organization. Evergreen//One simplifies storage, scales with
business, delivers consistency, and creates financial efficiencies.
In fact, Evergreen//One has enabled us to move heavy CapEx costs to
OpEx and save cash flow, making it much easier to predict and scale
our business." – Tyler Bower,
Founder, Cloud@Work
- "Sustainability has become a key pillar of IT strategies
today, with an emphasis on reducing power and space to drive
operational efficiencies and ultimately reach long-term ESG goals.
By introducing an energy efficiency SLA into its
storage-as-a-service offering, Evergreen//One, Pure Storage is
providing an added and crucial layer of transparency for data
storage, delivering a guaranteed measurement of actual Watts per
TiB that will support a sustainable IT infrastructure." –
Scott Sinclair, Practice Director,
Infrastructure, Cloud and DevOps, Enterprise Strategy
Group
- "Wipro is committed to collaborating with partners like Pure
Storage to build innovative and sustainable solutions for
organizations embarking on digital and sustainable transformation.
We're excited to help joint customers gain a more sustainable
technology footprint, help to achieve ongoing energy goals, as well
as to contribute to their organization's overall impact." –
Susan Kenniston, Global Head of
Sustainability Domain & Consulting, Wipro Limited
Learn More:
- Evergreen//One
- Blog: Evergreen//One (Energy) Efficiency SLA
About Pure Storage
Pure Storage (NYSE: PSTG)
uncomplicates data storage, forever. Pure delivers a cloud
experience that empowers every organization to get the most from
their data while reducing the complexity and expense of managing
the infrastructure behind it. Pure's commitment to providing true
storage as-a-service gives customers the agility to meet changing
data needs at speed and scale, whether they are deploying
traditional workloads, modern applications, containers, or
more. Pure believes it can make a significant impact in reducing
data center emissions worldwide through its environmental
sustainability efforts, including designing products and solutions
that enable customers to reduce their carbon and energy footprint.
And with a certified customer satisfaction score in the top one
percent of B2B companies, Pure's ever-expanding list of customers
are among the happiest in the world. For more information, visit
www.purestorage.com.
Analyst Recognition:
Leader in the 2022 Gartner Magic
Quadrant for Primary Storage
Leader in the 2022 Gartner Magic Quadrant for Distributed File
Systems & Object Storage
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Pure Storage, the Pure Storage P Logo, Evergreen,
Evergreen//One, Evergreen//Flex, Evergreen//Forever, Pure1, and
Portworx are trademarks or registered trademarks of Pure Storage
Inc. in the U.S. and/or other countries. The Pure Storage Inc.
Trademark List can be found at
www.purestorage.com/legal/productenduserinfo.html.
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