Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

5 Red Flags for Snowflake's Future

TheMotleyFool

0 0

5 Red Flags for Snowflake's FuturePhoto, wide shot, wide-angle lens, Telecom equipment supplier, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.theapi.app/temp/3967c11c-b755-4d39-87d0-acc853384c80.png

Snowflake's (NYSE: SNOW) stock price sank 22% during after-hours trading on Wednesday, March 2, following the release of its fourth-quarter earnings report.

The cloud-based data warehousing company's revenue rose 101% year over year to $383.8 million, beating analysts' estimates by $11 million. Within that total, its product revenue grew 102% to $359.6 million.

Snowflake's total number of customers rose 44% year over year to 5,944. Its number of customers that generated more than $1 million in trailing 12-month product revenue jumped 139% to 184. It ended the quarter with a net revenue retention rate of 178%, compared to 168% a year ago.

Source Fool.com

Like: 0

SNOW

Share