Earnings Call Insights: Everpure (PSTG) Q4 2026 Management View Charles Giancarlo, Chairman & CEO, highlighted a milestone quarter: "Q4 was an outstanding quarter. Our first billion-dollar revenue quarter capped off a strong performance for FY '26, with full year revenue of $3.7 billion. And we enter FY '27 with strong momentum." He emphasized broad-based strength, particularly in Enterprise, and ...
Earnings Call Insights: Everpure (PSTG) Q4 2026 Management View Charles Giancarlo, Chairman & CEO, highlighted a milestone quarter: "Q4 was an outstanding quarter. Our first billion-dollar revenue quarter capped off a strong performance for FY '26, with full year revenue of $3.7 billion. And we enter FY '27 with strong momentum." He emphasized broad-based strength, particularly in Enterprise, and noted, "Our Enterprise Data Cloud architecture continues to strongly resonate with customers, with over 600 customers adopting Fusion since its introduction a year ago." Giancarlo discussed Everpure's expansion and rebranding, stating, "Our new name Everpure, reflects both what we have created and where we are going. We are expanding our brand to align with our expanded horizon and to attract a much broader set of strategic personas." He also announced the acquisition of 1touch to accelerate data governance and AI readiness. Giancarlo warned of unpredictable component shortages and price increases, noting, "Everpure raised prices on our product line on February 9, reflecting the dramatic and rapid rise in component prices." He explained, "Based on the extraordinary rapid rise in component costs, we expect product gross margins in Q1 to be at the lower end of our typical range of 65% to 70%, but we also expect them to recover through the fiscal year." Tarek Robbiati, CFO, stated, "We closed the year on a high note, with Q4 revenue surpassing $1 billion for the first time, representing 20% year-over-year growth and record operating profit of $226 million, implying a strong operating margin of 21.3%." He added, "Q4 product revenue of $618 million grew 25% year-over-year, while fiscal year '26 product revenue of $1.97 billion grew 16% year-over-year." Robbiati detailed the 1touch acquisition, projecting a 1.5% dilution to operating profit in FY '27 and accretion within 24 months post-acquisition. He noted, "Our capital investments during the year supported data center expansion...
President Donald Trump walks past Supreme Court Chief Justice John Roberts, Associate Justice Elena Kagan, Associate Justice Brent Kavanaugh and Associate Justice Mary Coney Barrett as he arrives for the State of the Union address during a Joint Session of Congress at the U.S. Capitol on Feb. 24, 2026, in Washington, D.C. Win Mcnamee | Getty Images News | Getty Images President Donald Trump defend...
President Donald Trump walks past Supreme Court Chief Justice John Roberts, Associate Justice Elena Kagan, Associate Justice Brent Kavanaugh and Associate Justice Mary Coney Barrett as he arrives for the State of the Union address during a Joint Session of Congress at the U.S. Capitol on Feb. 24, 2026, in Washington, D.C. Win Mcnamee | Getty Images News | Getty Images President Donald Trump defended his tariff agenda during his State of the Union address Tuesday, even as a Supreme Court ruling striking down his emergency tariffs cast fresh confusion over the raft of trade deals negotiated with global partners. The court ruled Friday that the president had exceeded his authority by imposing tariffs on goods from nearly every country in the world under the International Emergency Economic Powers Act (IEEPA). Trump has said he planned to do so again within the bounds of the law. Almost immediately after, Trump replaced it with a 10% tariff under Section 122 of the Trade Act of 1974 that took effect on Tuesday. He had also threatened to increase it to 15% tariffs under Section 122, but it is unclear when they would take effect. The ruling has raised questions about bilateral trade agreements structured around IEEPA tariff rates, prompting foreign governments to reassess their positions. ″[Trading partners] made concessions in exchange for specific tariff treatment that was grounded in IEEPA. That legal basis no longer exists," said Johannes Fritz, CEO of the St.Gallen Endowment for Prosperity through Trade. "Whether the administration can reconstruct those deals under Section 301 or other authorities, remains to be seen, but that will take time and new legal processes," Fritz added. Section 301 of the Trade Act of 1974 requires the U.S. Trade Representative to conduct a formal trade investigation into unfair trade practices before imposing tariffs. watch now VIDEO 4:07 04:07 U.S. tariff shocks add urgency to India's multi-alignment strategy: Strategist Inside India "Tho...
Shell Plc is in talks with companies including a unit of Abu Dhabi National Oil Co. over a minority stake in its A$34 billion ($24 billion) North West Shelf gas export plant in Western Australia, according to people with knowledge of the matter. The sale discussions with Adnoc’s XRG investment arm and suitors including Midocean Energy LLC, which counts Saudi Aramco as an investor, are at initial s...
Shell Plc is in talks with companies including a unit of Abu Dhabi National Oil Co. over a minority stake in its A$34 billion ($24 billion) North West Shelf gas export plant in Western Australia, according to people with knowledge of the matter. The sale discussions with Adnoc’s XRG investment arm and suitors including Midocean Energy LLC, which counts Saudi Aramco as an investor, are at initial stages, said the people, who have direct knowledge of the negotiations. Other potential buyers are also circling, they said, asking not to be named as the conversations are not public. Shell has been doubling down on LNG, but Bloomberg reported in September that it would explore a sale of its 16.67% stake in North West Shelf due to a planned transition into a so-called third-party tolling facility, where buyers pay a fee to liquefy the gas. It sold its share in the Browse LNG development in 2023, which would feed gas into North West Shelf. “Shell regularly assesses its portfolio to inform disciplined capital allocation,” a Shell spokesperson said. “We continue to work closely with the North West Shelf partners to deliver value, maximize future performance and meet the needs of our customers.” XRG declined to comment on market speculation. The company has been on the hunt for a way to enter the fast-growing Asian LNG market, but last year abandoned plans to buy Australian exporter Santos Ltd . Midocean also declined to comment. Woodside Energy Group Ltd. operates North West Shelf, Australia’s oldest and largest liquefaction plant. Other partners include BP Plc , CNOOC Ltd. and a venture between Mitsui & Co. and Mitsubishi Corp .
Two Democratic secretaries of state said they were told the Trump administration isn’t planning to send federal immigration enforcement agents to polling locations during November’s congressional elections. State officials were told during a call Wednesday with federal authorities that Immigration and Customs Enforcement agents won’t be waiting outside voting locations, said Maine Secretary of Sta...
Two Democratic secretaries of state said they were told the Trump administration isn’t planning to send federal immigration enforcement agents to polling locations during November’s congressional elections. State officials were told during a call Wednesday with federal authorities that Immigration and Customs Enforcement agents won’t be waiting outside voting locations, said Maine Secretary of State Shenna Bellows . She told reporters that the comment was welcome, but she added that “it would be completely unlawful and unconstitutional should the answer be anything different.” State and federal officials have repeatedly clashed in the past year over President Donald Trump ’s immigration crackdown and concern is mounting that the upcoming elections will be a major flash point. Meanwhile, the federal government is suing more than 20 states for refusing to turn over current voter roll data. “ICE is not planning operations targeting polling locations,” the Department of Homeland Security, which includes the agency, said in a statement. “ICE conducts intelligence-driven targeted enforcement, and if an active public safety threat endangered a polling location, they may be arrested as a result of that targeted enforcement action.” However, Bellows said that, when pressed, federal officials wouldn’t agree to tell the public that states were in charge of elections. “I did not walk away from this meeting reassured the federal government wouldn’t try to interfere in state sovereignty over the election,” she said. The Justice Department didn’t immediately respond to a request for comment on Wednesday’s call and state officials’ comments about it. The statement sent by DHS didn’t address a question about state control of elections. Arizona Secretary of State Adrian Fontes , a Democrat, said the most unsettling aspect of the call was that neither agency “would help acknowledge that states run elections in America.” A fellow secretary of state asked for assurances, but received no...
Australia advises dependants of officials in Israel and Lebanon to leave amid vast US military buildup in the region More countries have told citizens to leave Iran and the surrounding region as airlines scale back flights amid mounting tensions between Washington and Tehran. As a day of critical talks over Iran’s nuclear programme was set to begin, and as a vast US military buildup continued in t...
Australia advises dependants of officials in Israel and Lebanon to leave amid vast US military buildup in the region More countries have told citizens to leave Iran and the surrounding region as airlines scale back flights amid mounting tensions between Washington and Tehran. As a day of critical talks over Iran’s nuclear programme was set to begin, and as a vast US military buildup continued in the Middle East, the Trump administration warned of drastic consequences if Iranian negotiators failed to make significant concessions. Continue reading...