Pure Storage, Inc. (NYSE:PSTG) Q1 2023 Results Conference Call June 1, 2022 4:30 PM ET

Company Participants

Sanjot Khurana - VP, IR and Treasurer

Charlie Giancarlo - CEO

Kevan Krysler - CFO

Rob Lee - CTO

Conference Call Participants

Simon Leopold - Raymond James

Pinjalim Bora - JP Morgan

Aaron Rakers - Wells Fargo

Amit Daryanani - Evercore

Rod Hall - Goldman Sachs

Jason Ader - William Blair

Meta Marshall - Morgan Stanley

Sidney Ho - Deutsche Bank

Nehal Chokshi - Northland Capital Markets

Wamsi Mohan - Bank of America

Tim Long - Barclays

Eric Martinuzzi - Lake Street

Operator

Good day, ladies and gentlemen. Thank you for standing by, and welcome to the Pure Storage First Quarter Fiscal Year 2023 Earnings Release Conference Call. [Operator Instructions] As a reminder, this call is being recorded.

I would now like to introduce your host for today’s conference call, Mr. Sanjot Khurana. Please go ahead.

Sanjot Khurana

Thank you, and good afternoon. Welcome to the Pure Storage First Quarter Fiscal 2023 Earnings Conference Call.

My name is Sanjot Khurana, Vice President of Investor Relations and Treasurer at Pure Storage. Joining me today are our CEO, Charlie Giancarlo; our CFO, Kevan Krysler; and our CTO, Rob Lee.

Before we begin, I would like to remind you that during this call, management will make forward-looking statements, which are subject to various risks and uncertainties. These include statements regarding the COVID-19 pandemic and related disruptions, inflation and macro environment, our growth in sales prospects, competitive industry and technology trends, our strategy and its advantages, our current and future product offerings, our sustainability goals and benefits and our business and operations.

Any forward-looking statements that we make are based on facts and assumptions as of today, and we undertake no obligation to update them. Our actual results may differ materially from the results forecasted, and reported results should not be considered as an indication of future performance.

A discussion of some of the risks and uncertainties relating to our business is contained in our filings with the SEC, and we refer you to these public filings. During this call, we will discuss non-GAAP measures in talking about the company’s performance and reconciliations to the most directly comparable GAAP measures are provided in our earnings press release and slides.

Additionally, when we refer to sales in our prepared remarks, we mean total bookings, excluding castable orders. This call is being broadcast live on the Pure Storage Investor Relations website and is being recorded for playback purposes. An archive of the webcast will be available on the IR website and is the property of Pure Storage.