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Pure Storages shareholder return strategy signals business confidence

Pure Storage PSTG is emphasizing shareholder returns, supported by improving operating performance and stronger cash flow visibility. Last month, the company announced its “largest-ever share repurchase authorization” of $400 million, suggesting growing confidence in business momentum and balance sheet strength. In the last reported quarter, Pure Storage delivered 16% year-over-year revenue growth to $964 million and an operating margin of...