Everpure Announces First Quarter Fiscal 2027 Financial Results

Everpure, Inc. reported its financial results for the first quarter of fiscal year 2027, ended May 3, 2026. The company achieved a total revenue of $1.1 billion, marking a 35% increase year-over-year. Product revenue saw a significant jump of 55% to $577 million, while subscription services revenue grew by 17% to $476 million. Subscription annual recurring revenue (ARR) reached $2 billion, up 19% year-over-year, and remaining performance obligations (RPO) increased by 41% to $3.8 billion. GAAP gross margin was 68.7%, with non-GAAP gross margin at 70.1%. GAAP operating income was $20 million, and non-GAAP operating income was $159 million. The company generated $180 million in operating cash flow and $112 million in free cash flow. Everpure also announced an increase in its full-year fiscal 2027 guidance for both revenue and operating profit, citing strong demand and successful execution. Key strategic developments include the rebranding from Pure Storage to Everpure and the acquisition of 1touch to enhance data intelligence and orchestration capabilities. The company also highlighted advancements in its Enterprise Data Cloud vision, including new product launches and performance benchmarks.