Everpure Delivers Exceptional Q1 2027 Performance, Sets Stage for Continued Growth
Good afternoon, everyone, and welcome to Everpure's Q1 fiscal 2027 earnings call. Today, the company reported an outstanding first quarter, reflected in the strength of both top and bottom lines. Revenue growth of 35% year-over-year is a very strong start to our fiscal year 2027, with operating profit nearly doubling to $159 million.
The market has indeed been influenced by the current supply chain crisis, but Everpure's success is also driven by increased win rates for its solutions in contested opportunities. The company's market share gains are accelerating as customers increasingly adopt Everpure as their preferred vendor for data storage and management.
Growth was driven by broad-based strength across the company's core businesses and geographies. Large deals above $5 million were up in high double digits compared to prior year, and the commercial business also showed strong momentum. New customer logos were up 20% year-on-year, demonstrating the growing demand for Everpure's solutions.
Notably, the company achieved significant marquee expansions, including a global financial services customer that relies on Everpure as foundational infrastructure for private cloud environments across virtualized and Kubernetes-based workloads. This highlights the strength of Everpure's platform as customers bridge traditional and modern application architectures.
As expected, Q1 included relatively little revenue associated with the company's hyperscale products. However, based on customer order commitments, hyperscale product revenue is expected to rise significantly in Q3 and Q4. In the AI space, FlashBlade//EXA scored more wins this past quarter, including applications in AI machine learning and financial services GPU-accelerated trading applications.
One fintech customer using advanced GPU-based AI modeling for algorithmic trading on global financial markets selected FlashBlade//EXA for their high-performance AI infrastructure. The firm has processed more than 13 million transactions during their peak trading day, underscoring the performance and consistent reliability that FlashBlade//EXA delivers in data-intensive AI environments.
More broadly, Everpure is now beginning to displace competitive AI storage products in the enterprise and neo cloud markets as customers transition to its FlashBlade family for its unmatched performance, operational simplicity, flexibility, and overall quality. As the company looks ahead to Q2 and beyond, it remains well-positioned to continue delivering exceptional results and meeting the growing demand for data storage and management solutions.
