Also condolences to Matt’s family, and thankfully, you’re feeling better, Charlie.
NeoPhotonics is a leading designer and manufacturer of advanced hybrid photonic integrated optoelectronic modules and subsystems for bandwidth-intensive, high-speed communications networks.
As a reminder, sequentially, we’re coming off the seasonally highest quarter, which would be Q4. Certainly, we are — I now get weekly updates on NAND pricing.
These include statements regarding the COVID-19 pandemic and related disruptions; our growth and sales prospects; competitive, industry and technology trends; our strategy and its advantages; our current and future product offerings; and business and operations, including our operating model.Any forward-looking statements that we make are based on facts and assumptions as of today, and we undertake no obligation to update them. [Technical Issues] there around VMware support for NVMe over Fabric, absolutely. And we see overall, potentially at this point, sales in total to be flattish year-over-year. So no one’s — can you talk about what you see as the potential [Indecipherable] and PowerStore, EMC Dell, midrange array? We continue to demonstrate that Pure has best-in-class teams and that our products and services are simple, reliable and trusted. The combination of our differentiation with our unmatched simplicity, the reliability make this the time of — make Pure actually at this time the safe and easy choice for our customers.And I thank you again for joining us. James Poutier Investor and Shareholder Relations . Sounds like FlashBlade is moving along well.
And our customers are saying, gee, we can use Pure across a wide variety or even all of our storage needs. So we’re not giving specific guidance on that.
What actions have been taken to kind of get a better street view to the model for Kevan that you guys feel more confident in kind of how that’s being relayed back and forth between the teams?Yeah, no thanks, Alex. What was — what really knocked us off our ability to project last year in an accurate way was not so much that NAND prices were falling, because we’re used to NAND — like any commodity, our NAND, memory, etc, we expect a decline over time.
So it’s still relatively early in May. As we progress through the year, we expect to continue to see strength in sales and adoption of our Subscription Services. Thanks for taking my question. Of course, we’re saving a lot already on T&E and large events, which is very positive. The puts and takes are that on the positive side, we do still expect some amount of the positive COVID influence that took place in Q1. It’s very new out there. So we’re expecting some increase in that. Your line is open.Hello, hey. It’s really the fact that the urgency has been so high to do something that they’ve not wanted to take risk.Once they have time — once they’ve settled the urgency and they can then focus on the slightly longer term, we think that the ability to convert new customers, again, will come back.Yes. Not only economically, that is to say it’s a single unified contract, a single unified subscription that allows them to place their data wherever they want.But also in the sense that it’s the same exact software and same interface of the application environment in the cloud as it is on-prem, and that makes their ability to migrate their applications even easier.
Investor Relations Disclaimer The information included on this website and other information provided from time to time through webcasts, conference calls, securities analyst meetings, road show presentations, investor conferences, newsletters and similar events and communications contains forward-looking statements that involve risks, uncertainties and assumptions. Our actual results may differ materially from the results forecasted. Our hearts go out to his family and friends.I’d also like to take a moment to share my thoughts on the current health crisis that has affected everyone around the world. We have. So we — I’ll tell you, it was a very balanced quarter overall.All products are doing very well. * IR Contact Contact us to receive more information. It’s a serious virus. We're committed to serving the needs of our customers while delivering long-term value to our shareholders. So that’s going to have some impact when you’re looking at deferred revenue sequentially. So the more NVMe support — over Fabric support that we see out there, the better, frankly, that it is for us. A press release will be sent out at approximately 4:00 p.m. Eastern time . But just the delta between bookings and revenue growth, like what drove that?Well, that’s really going to be — the primary driver really will be around our subscription offerings, Alex, is really what that’s coming down to in terms of either our Evergreen model or what we’re doing on Pure as-a-Service or Cloud Block Store.
We saw positive buying for all sorts of infrastructure needs because of not just work from home, but the higher levels of Internet commerce that took place for many, many customers, not to mention our greater service provider needs, etc. These reports include company annual reports (10K, 10Q), news updates (8K), investor presentations (found in 8Ks), insider trades (form 4), ownership reports (13D, and 13G), and reports related to the specific securities sold, such as registration statements and prospectus.
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