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With that, it is now my pleasure to introduce David Goulden. David?David I. Goulden Thanks, Tony. Good morning, and thank you for joining us today. I'm pleased to report another quarter of excellent results. We achieved third quarter revenue growth of 18% and grew non-GAAP EPS by 23%. We again improved both non-GAAP gross margin and non-GAAP operating margin both sequentially and year-on-year, and we grew free cash flow by more than 25% on a trailing 12-month basis. Our strong Q3 results underscore that our strategy continues to serve us well. Our sharp focus on key areas of opportunity within cloud and Big Data is propelling ongoing momentum. Our broad portfolio of differentiated solutions within these secular trends is resonating with customers, and our disciplined operational execution and control are driving our success. The combination of all 3 of these has driven our results over the past several quarters, but I'd like to take a moment to focus upon the power of our portfolio. We achieved $4.98 billion of revenue this quarter, a record amount for any quarter in our history because the combination of our storage, virtualization and security offerings is compelling. Our results stem from having market-leading products and services in each of these high-priority areas of IT spend and also by leveraging capabilities across our lines of business. For example, we developed our storage solutions with an eye towards security and virtualization, and customers rely upon our expertise in these areas as they decide where to deploy their IT dollars. In any business environment, customers want to make their IT operations more efficient and more agile. Having a partner who can get them there from start to finish is critical, and this is why we win. This advantage was clearly demonstrated by our Information Storage results in Q3 where revenue grew 16% year-on-year to $3.7 billion, driven by product revenue growth of 28% in the mid-tier.
Our storage portfolio has been taking share in both the mid-tier and the high end because we provide best-of-breed products which address customers specific use cases and uniquely enable them to manage massively expanding data volumes. Our high-end product revenue grew 7% over last year's Q3, which we believe is faster than the current growth rate for this segment of the markets.Customers with mission-critical data sets needing the very best reliability, availability and scalability trust VMAX. While customers have traditionally purchased our high-end storage to handle their biggest and most important business applications and databases, they're increasingly using VMAX to meet additional needs. Its powerful scale architecture is ideal for emerging use cases such as service providers using it for customer facing workloads. And with the combination of FAST VP, Flash and large data drives, VMAX can automatically tier data across various drive types. This capability lets customers store more data types on their SIEM; data in some cases used to relegate the Tier 2 vendors and lower the total cost of ownership. As a result, we win against high-end and Tier-2 vendors alike with VMAX's unique scale-out and other tiering solution. We had a great example of this in Q3 at a global pharmaceutical company where we displaced 1.5 petabytes of Tier 2 storage because VMAX is powerful, trusted and smart. The resilience and sheer horsepower of the VMAX architecture was far superior for supporting this customers database application. Moreover VMAX's tiering capabilities enable them to use tier drives and get better performance at a lower price. The introduction of FAST and Flash drives creates a value proposition that is unmatched and is a key reason why we continue to be the leader in the high end. Read the rest of this transcript for free on seekingalpha.com