Pure Storage and UiPath Report Strong Q1 Earnings, Issue Mixed Guidance; Pure Storage Up 8% Post-Market

Pure Storage reported strong Q1 2025 earnings, with revenue reaching $693.5 million, an 18% year-over-year increase. The company also posted an EPS (GAAP) of -$0.11 and ARR of $1.4 billion, up 25%. Pure Storage's revenue beat estimates by $0.11 and surpassed revenue expectations. The company guided Q2 revenue above consensus but guided FY25 revenue below consensus. CEO Charles Giancarlo attributed the positive performance to modernization and AI investment trends. Additionally, Pure Storage saw strong cash flow of $221.5 million and its stock rose 8% in post-market trading. Meanwhile, UiPath reported Q1 revenue of $335 million, a 16% year-over-year increase, with an ARR of $1.508 billion, up 21%. UiPath's Q1 adjusted EPS was $0.13, beating estimates by $0.01, and its GAAP gross margin was 83%. The company guided Q2 revenue between $300-305 million, below the estimated $342.33 million, and FY revenue between $1.405-1.41 billion, also below estimates. UiPath's adjusted gross margin was 86% and adjusted operating income was $50 million.