Pure Storage sees strong customer adoption of its Evergreen Subscription Services, surpassing $1B in ARR for the first time.
Pure Storage has been seeing continued growth in its subscription service offerings, including its Evergreen portfolio, in addition to a new energy efficiency service level agreement (SLA) for Evergreen//One. The introduction of the new SLA represents the first and only energy efficiency guarantee in the enterprise storage as a service market, and supports Pure Storage’s mission to provide customers with the most sustainable storage technology to meet their goals.
On the heels of introducing the Pure1 Sustainability Assessment and the Energy Savings Visualizer to help customers dramatically reduce their environmental footprint, the new Evergreen//One SLA guarantees energy efficiency for organizations of any size. This energy efficiency SLA enables organizations to measure the maximum number of actual Watts per tebibyte (TiB). If the guaranteed Watts/TiB is not met, customers can request service credits and Pure Storage will execute remediation actions, including densification or consolidation, at no additional cost.
As a result of the increased demand from existing and new customers for its subscription offerings – including its Evergreen Portfolio, Pure Cloud Block Store, and Portworx – in the Q3 of fiscal year 2023, the company witnessed, Subscription Annual Recurring Revenue (ARR) of $1 billion for the first time, up 30% year-over-year. Whereas, the earnings from Subscription Services mounted to $244.8 million, which was up 30% year-over-year.
“Sustainability has become a key pillar of IT strategies today, with an emphasis on reducing power and space to drive operational efficiencies and ultimately reach long-term ESG goals. By introducing an energy efficiency SLA into its storage-as-a-service offering, Evergreen//One, Pure Storage is providing an added and crucial layer of transparency for data storage, delivering a guaranteed measurement of actual Watts per TiB that will support a sustainable IT infrastructure,” said Scott Sinclair, Practice Director, Infrastructure, Cloud and DevOps, Enterprise Strategy Group.
Global enterprises, however, are on a path to embrace flexible, consumption-based operating models and modern services that both drive stronger value and efficiencies, and contribute to the overall reduction of environmental impact over time. A recent IT Sustainability Impact Survey revealed that 86% of sustainability program directors recognize that companies cannot reach their sustainability goals without significantly reducing their technology infrastructure energy usage. However, organizations cannot manage sustainability without a reliable and consistent way of measuring it.
Through Pure Storage’s global partner ecosystem, Evergreen//One enables customers to not only benefit from continuous innovation, financial flexibility, and operational agility, but achieve new levels of energy efficiency by measuring Watts per TiB to meet long-term sustainability goals. Now, Evergreen//One enables customers to subscribe to five critical enterprise-grade SLAs, including no scheduled downtime for upgrades or maintenance, 99.9999% uptime guarantee, a 25% storage capacity buffer relative to usage, unrivaled storage performance aligned with service tier, and efficiency measured by Watts per TiB.
