Everpure Q2 Revenue Rises 38%, Extending Growth Streak to 8 Straight Quarters
IT DAILY ·
✦ AI Summary
Everpure announced its fiscal 2027 second-quarter results.
Total revenue for the second quarter rose 38% year over year to USD 1.2 billion, while product revenue increased 54% to USD 687 million.
GAAP operating profit was USD 63 million, while Non-GAAP operating profit was USD 230 million.
Everpure announced its fiscal 2027 second-quarter results on the 27th. The reporting period ended on August 2, 2026. The company said second-quarter revenue and operating profit both hit record highs, and that results topped the upper end of its previous guidance.
Total revenue for the second quarter came to USD 1.2 billion, up 38% from a year earlier. That marked the company's 8th straight quarter of growth. The increase in overall revenue was driven notably by growth in the hardware infrastructure segment, while product revenue rose 54% year over year to USD 687 million.
Subscription services revenue increased 20% from a year earlier to USD 499 million. Subscription ARR rose 20% year over year to USD 2.1 billion. RPO increased 44% year over year to USD 4.1 billion, representing revenue to be recognized in future periods.
The company said profitability metrics remained solid. GAAP gross margin was 68.4%, and GAAP operating profit was USD 63 million. Non-GAAP gross margin was 69.9%, and Non-GAAP operating profit was USD 230 million.
Cash flow from operations was USD -136 million, while free cash flow was USD -238 million. Total cash, cash equivalents, and marketable securities stood at USD 1 billion.
The company said it repurchased 900,000 shares during the quarter and returned about USD 69 million to shareholders through share buybacks. CEO Charles Giancarlo said the 8 consecutive quarters of revenue growth through the second quarter reaffirmed the company's position as an innovative and core player in the industry. He added that Everpure had secured a favorable position for sustained long-term growth, supported by the expansion of data intelligence and momentum in AI and hyperscale product growth.
Tarek Robbiati, Everpure's CFO, said the company delivered outstanding second-quarter results, posting record second-quarter revenue and record second-quarter operating profit, and that the results exceeded the upper end of its previous guidance. He said strong demand continued across Everpure's solution portfolio despite unusually large price increases across the industry in the first half of fiscal 2027, and added that he was confident the revenue growth momentum would continue and that the company was raising its second-half guidance because of that outlook.
Source: IT DAILY · By Kyun Young-seok
Original: https://www.itdaily.kr/news/articleView.html?idxno=241240
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Source: IT DAILY
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