At this time, I'd like to turn the call over to Paul Ziots, Vice President of Investor Relations. Please go ahead.
Thank you. Good afternoon, everyone, and welcome to Pure's Third Quarter Fiscal Year 2025 Earnings Conference Call. On the call, we have Charlie Giancarlo, Chief Executive Officer, Kevan Krysler, Chief Financial Officer, and Rob Lee, Chief Technology Officer. Following Charlie's and Kevan's prepared remarks, we will take questions. Our press release was issued after close of market and is posted on our website where this call is being simultaneously webcast. The slides that accompany this webcast can be downloaded at investor.purestorage.com. On this call today, we will make forward-looking statements which are subject to various risks and uncertainties. These include statements regarding our financial outlook and operations, our strategy, technology and its advantages, our current and new product offerings, and competitive industry and economic trends. Any forward-looking statements that we make today are based on facts and assumptions as of today, and we undertake no obligation to update them.
Our actual results may differ materially from the results forecasted, and reported results should not be considered as an indication of future performance. The discussion of some of the risks and uncertainties relating to our business is contained in our filings with the SEC, and we refer you to these public filings. During this call, all financial metrics and associated growth rates are Non-GAAP measures other than revenue, remaining performance obligations, or RPO, and cash and investments. Reconciliations to the most directly comparable GAAP measures are provided in our earnings press release and slides. This call is being broadcast live on the Pure Storage Investor Relations website and is being recorded for playback purposes. An archive of the webcast will be available on the IR website and is the property of Pure Storage. Our Fourth Quarter Fiscal 2025 quiet period begins at the close of business, Friday, January 17th, 2025.
With that, I'll turn it over to Charlie.
Good afternoon and welcome to our Q3 FY 2025 earnings call. Pure Storage delivered solid third quarter results with both revenues and operating income exceeding our guidance. As I have discussed in previous calls, we have been engaged on achieving a significant hyperscaler design win by year-end, and I am pleased to announce that we signed a design win with a top four hyperscaler in the last few weeks. This is the first-ever design win to provide flash for standard hyperscaler storage, and it is the vanguard for flash storage providing all online storage in major hyperscale environments in the future. For reference, the hyperscale market is responsible today for 60%-70% of all hard disk drives purchased globally. In addition to providing cost-effective data storage, this top four hyperscaler's use of Pure technology is expected to free up significant amounts of power and space in their data centers.
It is also expected to significantly reduce the failure rates and maintenance costs associated with legacy disk storage while doubling the expected lifetime of their storage infrastructure. Pure Storage, Purity Software, and Direct Flash Technology will provide this hyperscale customer the necessary price, performance, density, and power to deliver the cloud-based services with unparalleled performance and energy efficiency. The close engineering engagement between the companies and extended testing by this major hyperscaler has proven Pure's Direct Flash Technology is now capable of providing cost-effective data storage at hyperscale capacity, even at low-cost bulk data price ranges. To fully outline the opportunity here, we are working with hyperscalers to utilize our technology with a single consistent architecture for all of their online storage, inclusive of low-priced bulk storage, nearline higher performance storage, as well as high-speed storage for their most demanding use cases, including AI.
To support the expected increase in flash demand for the hyperscale industry, we also announced today a deepening collaboration with Kioxia, a global leader in NAND flash technology. Kioxia has been a steadfast partner in our engagement with the hyperscale community. Our design win signals that Pure's DirectFlash Technology is now ready to replace hard disks everywhere, and NAND vendors are taking notice and planning their opportunity to address this 700 exabyte per year market. As data volumes continue to increase, our combined technologies enable hyperscalers to meet the challenge of increasing data volumes while reducing power consumption, labor, and the physical footprint of hyperscale data centers. The work for the design win we announced today started over one year ago.
While we have had sales of standard product into hyperscale customers, hyperscalers have developed their own software for their storage services, which operates on commodity hard disk drives and SSDs. Our early outreach to hyperscalers was first met with skepticism that we could achieve the price and performance necessary to replace cheap hard drive storage. However, this hyperscaler was open to investigating us further, and working together, Pure optimized the design of Purity and our DirectFlash technology to fit smoothly into their compute and storage architectures and optimized the economics to fit their financial targets. With this win, Pure is entering an exciting new hyperscale market. The design win itself signals that this top four hyperscaler's future data centers are approved to use Pure's technology as their data storage standard.
We expect early field trial build-outs next year with large full production deployments on the order of double-digit exabytes expected in calendar 2026, which corresponds to our fiscal 2027. We continue in our dialogues with other major hyperscalers as well. Given the significant opportunity that exists for this and other hyperscalers, we anticipate increased investment in our hyperscale line of business over the next year, for which Kevan will provide additional details. I would like to turn now to another significant area of opportunity for Pure, namely artificial intelligence. AI creates several key opportunities for Pure. First, we continue to provide leading-edge high-performance storage for public and private GPU farms in machine learning and training environments. This past quarter, we were officially certified for the NVIDIA DGX SuperPod architecture designed to provide turnkey infrastructure for the world's largest training environments.