Breaking News

Pure Storage Shares Update on Business Momentum in India and Predictions for 2023

Unadulterated Capacity (NYSE: Today, PSTG, an IT pioneer that provides the most cutting-edge data storage technology and services in the world, shared an update on the company's business momentum and their 2023 industry predictions. The company continues to experience steady global expansion. Pure's revenue for its fiscal third quarter, which ended on November 6, 2022, was US$676 million, up 20% from the previous year, and its revenue for subscription services was US$244.8 million, up 30% from the previous year.


 





In India, Unadulterated keeps on executing great on its procedure of giving the most progressive, solid, and energy-proficient innovation to fulfill the strategic information stockpiling and the executives needs of its clients and this has been shown by its proceeded with capacity to outperform the market. Pure's growth was 590.5% in the third quarter of 2022, according to the IDC Quarterly Enterprise Storage Tracker, while India's overall market fell by 2.8%.


 


"The change of India into a computerized economy is occurring at a surprising speed, advanced quickly by the pandemic. Ramanujam Komanduri, Country Manager, Pure Storage India, stated, "We are grateful to our customers and partners for putting their faith in our ability to support their digital transformation." Pure's technologies are a crucial enabler for this digitalization.


 


Predictions for 2023 Pure also provided its predictions for the year 2023. In the midst of rising expansion and downturn gambles, reinforcing strength, diminishing the complete expense of possession, and enhancing assets will climb the corporate plan. The Head of Systems Engineering, India, Pure Storage, Sudharsan Aravamuthan, stated, "This will have implications for technology investments in the region."


 


Flash's future: Advances in flash storage, such as QLC (quad-level cell) and DirectFlash, are lowering costs and increasing density in flash to the point where many organizations are beginning to replace their legacy spinning disk storage with flash. 2023 will be the year of density for flash storage. Companies are moving away from traditional spinning disk for a variety of reasons, including the energy and space savings that flash provides in addition to the growing focus on environmental sustainability. We anticipate that flash storage densities will really rise in 2023, making it more suitable for Tier 2 and even Tier 3 workloads.


 


Service Economy Anywhere: In 2023, barriers to the Anywhere Service Economy will be further reduced. In 2023, the pace of investment in IT will accelerate toward flexible consumption models like pay-as-you-go and subscription-based models. A cultural shift within organizations, particularly those that rely on external investors, is the driving force behind this. Companies with few capital assets are increasingly receiving favorable attention from investment bodies and board of directors. They have the financial freedom to invest in more strategic business areas as a result of this. This will bring about the Anyplace Administration Economy extending much further in 2023.


 


Production network: As supply chain issues persist amid geopolitical tensions, businesses will struggle to rethink their software development and product engineering cycles. Manufacturing processes will be re-architected to mitigate supply chain disruptions. As a result, businesses will look into adopting a modular strategy that enables them to reuse and repurpose standard components. A strategy of this kind makes it easier to complete projects in the event of disruptions in the supply chain and prevents duplication of effort throughout the software development lifecycle. Organizations can better mitigate supply chain risks and improve resilience by reorganizing software development and product engineering processes to include part reusability.


 


ESG: The importance of ESG will continue to rise for the majority of businesses, but there will be a renewed emphasis on accountability and demonstrated action. ESG accountability will spread deeply throughout the organization from the boardroom. Organizations will be required to abide by new standards as a result of policies and tax regulations being developed by governments to reduce carbon emissions. When deciding whether or not to back an organization, investors, partners, and customers are increasingly taking ESG practices and performance into account. There is constant pressure to drive organization-wide transformation that includes ESG strategy and reporting because stakeholders demand ESG integrity. In addition, in order to meet the expectations of customers, partners, and employees as well as comply with regulations, there will be a growing emphasis placed on the social and governance aspects of ESG.


 


Data security: The threat goes beyond ransomware: Rapid recovery capabilities will replace data security. Despite paying the attackers the desired ransom, data recovery is no longer guaranteed. In 2023, relying on cybersecurity insurance policies as a last resort safety net will no longer be sufficient to provide adequate data protection due to hackers' shift from simply locking data for ransom to outright stealing data. Associations will be more disposed to take a "more secure information" approach - utilizing bound together quick record and item stockpiling stages that give the last line of protection against ransomware or maverick representatives, while offering fast recuperation speeds.


 


Containers: In 2023, nanoservices will begin to enter the conversation as a result of the growing popularity of containers and microservices. Even simpler to run than microservices, these are made for single-function applications. A news site that only runs headlines or pulls in weather data would be an example.


 


Concerning Pure Storage Pure Storage PSTG) permanently simplifies data storage. Pure provides a cloud experience that enables every organization to get the most out of its data while reducing the complexity and cost of infrastructure management. Whether they are deploying traditional workloads, cutting-edge applications, containers, or a variety of other applications, Pure's dedication to providing true storage as a service gives customers the flexibility to respond to shifting data requirements quickly and at scale. Through its environmental sustainability efforts, which include designing products and solutions that enable customers to reduce their carbon and energy footprint, Pure believes it can significantly reduce emissions from data centers worldwide. Additionally, Pure's ever-growing list of clients is among the happiest in the world, with a certified customer satisfaction score in the top one percent of B2B companies. To learn more, go to www.purestorage.com.

No comments