Santa Clara, Calif. – September 24, 2026 -- Everpure (NYSE: P) told investors at its 2026 Financial Analyst Meeting that three new growth businesses will account for approximately 20% of total revenue by fiscal year 2030, as the storage and data management company reaffirmed its fiscal 2027 guidance and issued a preliminary outlook for fiscal 2028.
Everpure adds three growth vectors to its core storage business
The company outlined four strategic growth vectors built on its existing intellectual property: Core and Core AI (FlashBlade, Flash Array and Evergreen//One subscriptions), Modern Data Software (Everpure Data Intelligence, Data Stream, Portworx, Resilience and Cloud), Scale AI (FlashBlade//EXA for neoclouds and AI-native providers), and Hyperscale Solutions (DirectFlash technology for hyperscalers). Core and Core AI is expected to keep gaining market share, while the three newer categories are projected to reach the 20% revenue contribution mark within four years.
R&D spending has averaged 19% of revenue over five years
Everpure said it has dedicated an average of 19% of annual revenue to research and development over the past five fiscal years, funding a single unified platform rather than fragmenting investment across multiple architectures. The company cited eight consecutive quarters of accelerating revenue growth as evidence the strategy has strengthened its core business while opening the three incremental markets.
CFO says performance now runs 'well above Rule of 40'
"We have demonstrated over the past decade-plus that we can profitably grow and take share in our core business across inflationary and deflationary cycles,