Pure Storage (PSTG) announced a collaboration with Kioxia a world leader in memory solutions, to develop technology that addresses the growing demand for high-performance, scalable storage infrastructure among today’s hyperscale environments. Traditional storage solutions, particularly those relying on hard disk drives, struggle to meet the demands of hyperscale environments due to their limited speed, scalability, reliability, and excessive power consumption. To eliminate these obstacles, the collaboration will deliver a data storage platform engineered from the ground up to tackle the needs of hyperscale environments, allowing for rapid scale while lowering power consumption and reducing the overall physical footprint of hyperscale data centers.
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Read More on PSTG:
- Pure Storage jumps 23% to $66.05 after Q3 results, guidance top estimates
- Pure Storage reports Q3 non-GAAP EPS 50c, consensus 42c
- Pure Storage reports Q3 EPS 19c, consensus 42c
- Pure Storage sees Q4 revenue $867M, consensus $856.93M
- Pure Storage sees FY25revenue $3.15B, consensus $3.13B
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