Gabriel Holding A/S Reports 7% Revenue Growth and Improved EBIT in First Three Quarters.

Gabriel Holding A/S' ongoing business reported a 7% growth in revenue and a 163% increase in primary result (EBIT) after three quarters. The company's total business, including discontinued activities, reported a revenue of 696.1 million kr and an EBIT of 25 million kr. The Mexican FurnMaster business experienced a significant decline due to ongoing restructuring.

Pure Storage Inc (NYSE: PSTG) reported robust financial performance in its second quarter (Q2) of fiscal year 2025, showcasing substantial growth and strategic initiatives. The company's revenue grew by 13% year-over-year (YoY) to $861 million, driven by strong demand across its entire portfolio, particularly in large enterprises and core software and services offerings like Evergreen//One, Cloud Block Store, and Portworx [1].

Subscription services revenue, which accounted for 48% of total revenue, surged by 15% YoY to $415 million. This growth was bolstered by an increase in Annual Recurring Revenue (ARR) by 18% YoY to $1.8 billion. The company also initiated its first volume deployment with Meta, recognizing its first revenue from this activity in Q2. Pure Storage's Enterprise Data Cloud architecture has been transforming how enterprises manage data, further driving demand for its platform.

Pure Storage's operating profit reached $130 million, with an operating margin of 15.1%, and the company's total gross margin stood at 72.1%. The operating cash flow was $212 million, and free cash flow was $150 million, with a free cash flow margin of 17.4%. Total remaining performance obligations (RPO) increased by 22% YoY to $2.8 billion.

The company provided guidance for fiscal year 2026, projecting revenue between $3.6 billion and $3.63 billion, representing 14% YoY growth at the midpoint. The operating profit guidance was $605 million to $625 million, representing a 10% YoY increase at the midpoint. For Q3 2025, revenue guidance was $950 million to $960 million, representing a 15% YoY increase at the midpoint, with operating profit guidance of $185 million to $195 million, representing a 14% YoY increase at the midpoint.

However, the company faces challenges in accurately forecasting the mix between as-a-service offerings and product sales, which can impact recognized revenue. Additionally, the process of placing technology into hyperscaler environments is complex and lengthy, involving multiple phases and co-engineering efforts.

Pure Storage's partnership with Nutanix has generated significant customer interest, and general availability is expected by the end of the year. The company expects to deploy 1 to 2 exabytes this year and potentially reach double digits next year from its relationship with Meta.

Despite strong results, the global macro environment remains variable and uncertain, posing potential risks to future performance. The company remains confident about its momentum and the expanding demand for its offerings.

References:
[1] https://finance.yahoo.com/news/pure-storage-inc-pstg-q2-070737784.html