Pure Storage Inc (NYSE:PSTG)

$ 56.41 2.08 (3.83%) Market Cap: 18.34 Bil Enterprise Value: 16.40 Bil PE Ratio: 331.82 PB Ratio: 14.17 GF Score: 71/100

Pure Storage Inc at Bank of America Merrill Lynch Global Technology Conference Transcript

Jun 04, 2019 / 10:50PM GMT

Release Date Price: $16.12 (+2.68%)

Transcript 10-Q

Wamsi Mohan

BofA Merrill Lynch, Research Division - Director

Good afternoon. Thank you all for sticking around. Well, I know it's a little late in the afternoon. And we promise, right after this, you can go straight to drinks. So let's stick it up for 1 more session.

We're delighted to have Pure Storage with us today. Pure has been obviously very topical, stocks gone through a massive correction lately. And yes, I think, just given the technology of this company, and Tim can talk about this a little more, but given what the technology is, how good the assets are, it's actually somewhat shocking to see the magnitude of correction, the multiple compression for a company that's growing at close to 28% on a revised guide basis. So I think very timely, very topical. But thank you for being here, Tim Riitters, is the Chief Financial Officer of Pure Storage. Before joining Pure in 2014, Tim spent 10 years in finance at Google, so he comes with an extensive background of tech and finance merged together. And we actually share something else in common, we both went to the same business school, actually,

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