Snowflake reports Q1 revenue up 33% YoY to $828.7M, product revenue up 34% YoY to $789.6M, vs. $749M est., and projects Q2 product revenue above estimates
Bloomberg Brody Ford
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Discussion
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@datta_cs
Anupam Datta
on x
We are excited to share that @SnowflakeDB has signed an agreement to acquire the TruEra AI Observability platform to bring LLM and ML Observability to its AI Data Cloud. We are looking forward to this next phase in our journey with the Snowflake team with whom we share a
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@trulensml
@trulensml
on x
Congratulations to the @snowflakeDB and @truera_ai teams! We're excited that TruLens will stay open source and continue to be maintained and enhanced! Stay tuned for more updates soon.
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@jaminball
Jamin Ball
on x
Snowflake quarter: - $829m total rev (+33% YoY) vs $785m consensus (6% beat) - $808m next Q product rev guidance vs $791m consensus (2% raise) - Raised full year guide 2% from last Q - 128% net revenue retention - 31 months GM adj. CAC payback - 67% GM - 40% FCF Margin $SNOW
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@economyapp
@economyapp
on x
$SNOW Snowflake Q1 FY25 (ending in April): • Customers +21% Y/Y to 9,822. • Customers > $1M +30% Y/Y to 485. • NRR 128% (-3pp Q/Q). • Revenue +33% Y/Y to $829M ($43M beat). • Non-GAAP EPS $0.35 ($0.03 miss). • FY25 Product revenue $3.30B ($50M raise). [image]
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@ramaswmysridhar
Sridhar
on x
An incredible quarter for @SnowflakeDB ! Our core business remains strong. Product Revenue for the quarter was $790 million, up 34% year-over-year. Given the strong quarter we're increasing our product revenue outlook for the year 📈. As CEO, I charted three key priorities:
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@bsngly
Barbara Lewis
on x
Congratulations to the TruEra team! Together we have built a powerful product and I look forward to seeing it thrive and grow as part of the AI Data Cloud. #TrustworthyAI #MLops #LLMOps #AIQuality #XAI #RAI
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@thetranscript_
@thetranscript_
on x
Snowflake misses on EPS, beats on revenues. Intends to acquire technology assets & key employees from AI observability platform TruEra. CEO: “We finished our first quarter with strong performance across many of our key metrics” $SNOW: +6.5% AH [image]
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@snowflakedb
@snowflakedb
on x
We've entered into an agreement to acquire the @truera_ai Observability Platform, enhancing our ability to ensure AI and ML models in the Data Cloud are accurate, reliable, and trustworthy.
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@truera_ai
TruEra
on x
TruEra is going to join Snowflake! ❄️ We are excited to help drive #AIQuality at the #AIDataCloud leader. Read the announcement from the founders of TruEra: Anupam Datta, Shayak Sen, and Will Uppington. https://truera.com/... The #TrustworthyAI journey continues! [image]
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@truera_ai
TruEra
on x
Snowflake, the AI Data Cloud leader, is acquiring the TruEra AI Observability platform! Read the blog from Benoit Dageville, Co-founder and President, Product at Snowflake https://www.snowflake.com/... @SnowflakeDB #AIDataCloud #DataCloud #AIQuality #MLOps #LLMOps #TrustworthyAI …