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Pure Storage Inc   (PSTG)
Other Ticker:  
 
    Sector  Technology    Industry Computer Hardware
   Industry Computer Hardware
   Sector  Technology

Pure Storage Inc 's

Competitiveness


 

PSTG Sales vs. its Competitors Q3 2023



Comparing the current results to its competitors, Pure Storage Inc reported Revenue increase in the 3 quarter 2023 by 12.94 % year on year, while most of its competitors have experienced contraction in revenues by -0.03 %, achieved in the same quarter.

List of PSTG Competitors

With a net margin of 9.23 % Pure Storage Inc achieved higher profitability than its competitors.

More on PSTG Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


Pure Storage Inc achieved net profit of $70.39 millions compared to a net loss of $-0.79 millions recorded in the same quarter a year ago.

<<  PSTG Stock Performance Comparisons


Pure Storage Inc 's Comment on Competitors and Industry Peers


We operate in the intensely competitive data storage market that is characterized by constant change and innovation. Changes in the application requirements, data center infrastructure trends and the broader technology landscape result in evolving customer requirements for capacity, performance scalability and enterprise features of storage systems. Our main competitors include legacy vendors, such as Dell EMC, Hitachi Vantara, HP Enterprise, IBM, and NetApp, each of which offer a broad range of systems targeting various use cases and end markets and have the technical and financial resources to bring competitive products to market.
In addition, we compete against cloud providers and vendors of hyperconverged products. Some large-scale cloud providers, known for developing storage systems internally, offer alternatives to our products for a variety of customer workloads. Our market attracts new startups and more highly specialized vendors, as well as other vendors that may continue to acquire or bundle products that compete with our offerings. All of our competitors utilize a broad range of competitive strategies.




  

Overall company Market Share Q3 2023

Pure Storage Inc achieved revenue growth of 12.94 % in Overall company, and improved market share, to approximately 1.05 %.


<<  More on PSTG Market Share.
 
*Market share is calculated based on total revenue.





Who are Pure Storage Inc 's Competitors?




Quantum Corp
Share Performance



+26.29%
30 Days



Quantum Corp
Profile

Quantum Corp operates as a data storage and management solution provider, offering products and services that cater to the needs of organizations in managing and securing large amounts of data effectively. Their business model revolves around developing and selling hardware and software solutions that enable efficient data storage, protection, and retrieval for businesses across various industries.

More about Quantum Corp's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 45.225 mill. $ 406.611 mill. $ -38.299 mill.


Oracle Corporation
Share Performance



+8.05%
This Year



Oracle Corporation
Profile

Oracle Corporation is a multinational technology company that primarily operates in the database software and cloud services industry. The company generates revenue through the sale of its software licenses, cloud subscriptions, and offering services like consulting and support. Oracle's business model centers around providing enterprise software solutions, facilitating data management, and capitalizing on the growing demand for cloud services.

More about Oracle Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 316,743.480 mill. $ 97,664.000 mill. $ 10,137.000 mill.


Dell Technologies Inc
Share Performance



+41.86%
30 Days



Dell Technologies Inc
Profile

Dell Technologies Inc operates as a multinational technology corporation that provides hardware, software, and IT solutions to businesses and individuals worldwide.

More about Dell Technologies Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 86,970.919 mill. $ 90,042.000 mill. $ 5,928.000 mill.


Nutanix Inc
Share Performance



+7.49%
Over The Past 5 Days



Nutanix Inc
Profile

Nutanix Inc operates as a cloud computing software company, providing hyper-converged infrastructure solutions that integrate storage, virtualization, and networking into a single platform. They offer their software and services to enterprises, enabling them to manage and optimize their data centers by simplifying infrastructure complexities.

More about Nutanix Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 15,252.508 mill. $ 1,939.194 mill. $ -171.297 mill.


Super Micro Computer Inc
Share Performance



+203.42%
This Year



Super Micro Computer Inc
Profile

Super Micro Computer Inc is a technology company that designs, manufactures, and sells server systems and components.

More about Super Micro Computer Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 50,302.517 mill. $ 9,250.700 mill. $ 732.378 mill.


Netapp Inc
Share Performance



+69.04%
One Year



Netapp Inc
Profile

NetApp Inc's business model revolves around providing data management solutions and services to organizations, including cloud data services, software-defined storage, and data infrastructure management, with the aim of helping businesses efficiently store, manage, and protect their data. They offer a range of hardware and software products tailored to meet the data needs of enterprises across various industries, helping them optimize their storage and data management processes.

More about Netapp Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 23,234.265 mill. $ 6,101.000 mill. $ 692.000 mill.


International Business Machines Corporation
Share Performance



+14.97%
This Year



International Business Machines Corporation
Profile

IBM's business model is based on providing a wide range of technology products and services to businesses worldwide. They offer solutions in areas such as software, hardware, cloud computing, artificial intelligence, and consulting services. IBM aims to help organizations improve efficiency, innovate, and achieve their digital transformation goals.

More about International Business Machines Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 171,122.095 mill. $ 61,860.000 mill. $ 7,502.000 mill.


Hewlett Packard Enterprise Company
Share Performance



-1.99%
One Year



Hewlett Packard Enterprise Company
Profile

Hewlett Packard Enterprise Company operates as a global technology solutions provider, focusing on helping clients optimize their IT environments. The company offers a wide range of products, services, and software solutions that cater to a variety of industries and customer demands. With an emphasis on innovation, HPE aims to deliver transformative outcomes by leveraging their expertise in areas such as hybrid cloud, edge computing, and intelligent data management.

More about Hewlett Packard Enterprise Company's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 20,026.461 mill. $ 29,135.000 mill. $ 2,025.000 mill.



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