Snowflake (SNOW) reported fiscal Q4 non-GAAP net income Wednesday of $0.35 per share, up from $0.14 a year earlier.
Analysts polled by Capital IQ expected $0.18.
Revenue for the quarter ended Jan. 31 was $774.7 million, up from $589.0 million a year earlier.
Analysts surveyed by Capital IQ expected $759.6 million.
The company said it expects fiscal Q1 product revenue of $745 million to $750 million.
Snowflake said in a separate release that Chief Executive Frank Slootman has decided to retire and Sridhar Ramaswamy was appointed as chief executive, effective immediately.
Ramaswamy previously served as senior vice president of AI at Snowflake, according to the company.
Slootman will remain as chairman of the board, Snowflake added.
The company’s shares were down over 23% in after market activity.