Snowflake

Snowflake (NYSE:SNOW) enables every organization to mobilize their data with Snowflake’s Data Cloud. Customers use the Data Cloud to unite siloed data, discover and securely share data, power data applications, and execute diverse AI/ML and analytic workloads. Wherever data or users live, Snowflake delivers a single data experience that spans multiple clouds and geographies. Thousands of customers across many industries, including 639 of the 2023 Forbes Global 2000 (G2K) as of July 31, 2023, use Snowflake Data Cloud to power their businesses.

Snowflake (NYSE:SNOW) Posts Fiscal Q1 Adjusted Earnings as Revenue Advances; Issues Guidance

Snowflake (NYSE:SNOW) reported fiscal Q1 adjusted earnings  of $0.15 per diluted share, compared with a breakeven a year earlier. Analysts polled by Capital IQ expected $0.05. Revenue for the quarter ended April 30 was $623.6 million, up from $422.4 million a year earlier. Analysts surveyed by Capital IQ expected $608.7 million. Looking ahead, the company expects product revenue of $620 million to $625 million for Q2 and $2.6 billion for fiscal 2024.

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