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) Q4 2023 revenue was $589.0 million,up 53% year-over-year

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March 1, 2023 – Snowflake (NYSE: SNOW), the Data Cloud company, today announced financial results for its fourth quarter and full-year of fiscal 2023, ended January 31, 2023. Snowflake (NYSE: SNOW) reported non-GAAP Q4 net income of $0.15 per share, Analysts polled by Capital IQ, on average, had been expecting the data-management company to earn $0.05 per share, excluding one-time items. Revenue rose 54% year-over-year to $555.3 million during the three months ended Jan. 31. The analyst mean had been expecting $575.5 million in Q4 revenue. Looking forward, the company is projecting between $568 million to $573 million in Q1 revenue. The Street view is expecting $714.9 million in revenue for the three months ending April 30. Revenue for the quarter was $589.0 million, representing 53% year-over-year growth. Product revenue for the quarter was $555.3 million, representing 54% year-over-year growth. Remaining performance obligations were $3.7 billion, representing 38% year-over-year growth. Net revenue

Snowflake(NYSE:SNOW) Q4 2023 revenue was $589.0 million,up 53% year-over-year Read Post »

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