Pure Storage reported second quarter fiscal 2027 results beating expectations with revenue of $1.19 billion, up 37.6% year-over-year. The company surpassed consensus on non-GAAP EPS at $0.70 versus the $0.58 forecast. Management raised full-year FY27 revenue guidance to between $5.03 billion and $5.07 billion, representing an upward revision of approximately $600 million. Large deals showed remarkable growth, with transactions exceeding $5 million rising 59% year-over-year and those over $20 million surging 385%. Shares gained nearly 6% on the announcement.
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