Snowflake reports Q3 revenue up 28% YoY to $942.09M, vs. $898.46M est., and partners with Anthropic to bring Claude 3.5 models to Cortex AI; SNOW jumps 20%+
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Constellation Research Larry Dignan
Related Coverage
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Discussion
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@stephanie_link
Stephanie Link
on x
$SNOW - beat against low expectations but on their way to recovery with new CEO. Beat EPS by 5 cents & revs up 28.3% y/y. Product revenue of $900.3m & up 29%. Net revenue retention rate of 127%. 542 customers with trailing 12-month product revenue greater than $1 million.
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@ramaswmysridhar
Sridhar
on x
I'm thrilled to announce our intent to acquire @datavolo! @joewitt26 and @LukeRoquet have built an incredible operation, and we're excited to bring their expertise on board. Datavolo makes integrating multi-modal data from across enterprise sources simple. This acquisition will […
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@ramaswmysridhar
Sridhar
on x
@Snowflake had a strong Q3, with product revenue coming in at $900M, up 29% year-over-year. Our remaining performance obligations totaled $5.7 billion dollars, with year-over-year growth accelerating to 55%. Given our results this quarter, we are again increasing our product [ima…
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@snowflakedb
@snowflakedb
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We're thrilled to announce a strategic multi-year partnership with @Anthropic that will enable global enterprises to develop and scale easy, efficient, and trusted AI products, apps, and workflows powered by the latest state-of-the-art models. Anthropic's newest Claude 3.5 models…
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@jaminball
Jamin Ball
on x
Snowflake quarter: - $942m rev (+28% YoY) vs $894m consensus (5% beat) - $909m next Q product rev guidance vs $894m consensus (2% raise) - Raised full year guide 2% from last Q - 127% net dollar retention - 26 months GM adj. CAC payback - 66% GM - 8% FCF Margin $SNOW
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@beth_kindig
Beth Kindig
on x
Snowflake $SNOW reported $942.5 million in revenue in Q3, up 28.3% YoY, with product revenue of $900 million nearly $50 million ahead of guidance. Adjusted EPS of $0.22 also beat expectations for $0.15. $MDB $PLTR $AMZN $MSFT
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@snowflakedb
@snowflakedb
on x
We've agreed to acquire @Datavolo, the company built to rapidly accelerate the creation, management, and observability of multimodal data pipelines for enterprise AI. With this acquisition, we're integrating enterprise systems for our customers with our unified platform. This [vi…
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@beth_kindig
Beth Kindig
on x
Snowflake's $SNOW RPO growth continued to accelerate in Q3, rising 55% to $5.7 billion. This accelerated from 48% last quarter, 46% in Q1, 41% in Q4 and 23% in the year ago quarter. $MDB $AMZN $MSFT $PLTR