Snowflake Earnings: Ready for AI Growth

Here's our initial take on Snowflake's (NYSE: SNOW) fiscal 2025 fourth-quarter financial report.

Snowflake was expected to report a big decline in adjusted earnings for the final quarter of fiscal 2025 (ended Jan. 31, 2025). While adjusted EPS still declined by about 14%, that's a far better result than analysts were anticipating. Revenue also came in ahead of expectations as Snowflake maintained a healthy growth rate.

Snowflake's net revenue retention rate, which measures how much existing customers are expanding spending, was a solid 126%, down a bit from the fourth quarter of 2024. Snowflake did particularly well with its largest customers. The company ended the quarter with 580 customers spending at least $1 million annually on its products, up 28% year over year. Snowflake's total customer count now tops 11,000.

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Source Fool.com