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Forbes Global 2000 Customers

Revenue segments as reported by the company.

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Year over year growth in Revenue and Operating Expenses.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Snowflake

Snowflake, Inc. provides cloud data warehousing software. This includes the Data Cloud, an ecosystem where Snowflake customers, partners, data providers, and data consumers can break down data silos and derive value from rapidly growing data sets in secure, governed, and compliant ways. Its platform supports a range of use cases, including data warehousing, data lakes, data engineering, data science, data application development, and data sharing. The cloud-native architecture consists of three independently scalable layers across storage, compute, and cloud services. The storage layer ingests massive amounts and varieties of structured and semi-structured data to create a unified data record. The compute layer provides dedicated resources to enable users to simultaneously access common data sets for many use cases without latency. The cloud services layer optimizes each use case's performance requirements with no administration. Snowflake was founded by Marcin Zukowski, Thierry Cruanes and Benoit Dageville on July 23, 2012 and is headquartered in Bozeman, MT.

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Snowflake reports robust Q1 performance, eyes AI disruption in supply chain

Snowflake's Q1 earnings call showcased strong financial performance, with a focus on AI and machine learning workloads, supply chain management, and competitive advantages. However, challenges in consumption patterns and cost scrutiny were discussed, alongside opportunities in disruptive AI technologies and long-term growth prospects.

Snowflake reports strong Q2 results, faces challenges in sales execution

Snowflake's Q2 performance was strong, but challenges exist in maintaining product revenue growth and improving sales execution. The company's focus on AI, data sharing, and new product offerings presents opportunities for future growth.

Snowflake reports robust Q3 performance and eyes AI opportunities

Snowflake's Q3 FY 2024 performance reflects strong growth in product revenue and non-GAAP adjusted free cash flow. The company's introduction of new technologies and strong customer engagement through events like the Data Cloud World Tour and the Build Developer Conference are notable. However, challenges in product gross margins and the evolving sales approach require attention. Snowflake is well-positioned to capitalize on the increasing interest in AI and the demand for advanced data solutions in large enterprises.

Snowflake reports strong Q4 growth, eyes international expansion and product innovation

Snowflake's Q4 performance reflects robust growth in product revenue, margins, and customer adoption, positioning the company well for future expansion.
While facing challenges in customer ramp-up and international performance, Snowflake's strategic strengths in partnerships, acquisitions, and financial stability provide a solid foundation for growth.
Opportunities lie in product innovation, market expansion, and operational efficiencies, signaling a positive outlook for Snowflake's continued success in the cloud data industry.
By balancing growth initiatives with cost management strategies, Snowflake aims to achieve its long-term revenue targets and enhance shareholder value through prudent investments and customer-centric focus.

Snowflake reports robust Q1 growth, eyes AI expansion and supply chain dominance

Snowflake's Q1 performance reflects strong growth in product revenue and a focus on AI-powered data solutions. Despite challenges in demand environment and consumption slowdowns, the company remains optimistic about long-term growth prospects. Snowflake's strategic acquisitions and focus on efficient growth position it well for future opportunities in AI and data management.

Snowflake reports robust Q2 growth, eyes AI strategy and partnerships

Snowflake's Q2 performance reflects strong revenue growth, customer engagement, and financial health.
Strategic strengths in AI focus, partnerships, and customer alignment position Snowflake for continued growth.
Challenges in consumption growth and sales execution optimization require attention for sustained success.
Opportunities lie in workforce expansion, data strategy enhancement, and leveraging Container Services for future growth.

Snowflake reports robust Q3 results, eyes AI opportunities and partnerships

Snowflake delivered strong Q3 performance with notable revenue growth, margin improvement, and customer acquisition, supported by innovative product introductions.
While facing challenges in legacy optimizations and NRR stabilization, Snowflake is well-positioned to leverage opportunities in AI, partnerships, and market expansion.
The company's strategic focus on sales specialization, technology advancements, and customer growth underscores its resilience and potential for sustained success.
Snowflake's market engagement, product innovation, and financial discipline position it favorably for continued growth and leadership in the cloud data platform space.

Snowflake reports robust Q4 earnings, eyes AI growth opportunities

Snowflake's Q4 FY '24 earnings call highlighted strong financial performance, innovative product offerings, and positive customer feedback, positioning the company for continued growth.
While facing challenges in consumption trends and revenue guidance, Snowflake's focus on AI initiatives and product enhancements presents opportunities for future expansion and market leadership.
With a new CEO, Sridhar Ramaswamy, at the helm and a clear long-term strategy, Snowflake aims to navigate market challenges and capitalize on its strengths to drive sustained growth and customer value.

Snowflake reports robust Q1 performance, eyes AI innovation for growth

Snowflake's Q1 performance reflects strong revenue growth and financial stability, supported by AI innovation and strategic partnerships.
Challenges include sustaining revenue growth, customer adoption of AI products, and effectively monetizing data through new features.
Opportunities in leveraging Iceberg capability, collaborations with Microsoft, and AI applications position Snowflake for continued growth and innovation.

Snowflake surpasses Q2 expectations, expands product portfolio for growth

Snowflake delivered exceptional financial results, exceeding expectations and demonstrating strong growth across key metrics. With a focus on innovation and customer satisfaction, Snowflake is well-positioned to capitalize on market opportunities and drive continued success. While facing competition and cybersecurity challenges, Snowflake's strategic initiatives and expanding product offerings bode well for future growth.

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Snowflake, Inc. engages in the provision of cloud data warehousing software. The firm offers Data Cloud, an ecosystem where Snowflake customers, partners, data providers, and data consumers can break down data silos and derive value from data. Its platform supports a range of use cases including data warehousing, data lakes, data engineering, data science, data application development, and data sharing. The cloud-native architecture consists of layers across storage, compute, and cloud services. The storage layer ingests structured and semi-structured data to create a unified data record. The compute layer provides dedicated resources to enable users to access common data sets for many use cases without latency. The cloud services layer optimizes each use case's performance requirements with no administration. The company was founded by Marcin Zukowski, Thierry Cruanes, and Benoit Dageville on July 23, 2012 and is headquartered in Bozeman, MT.

Palantir Technologies

In this series, I am searching for companies with 10x return potential based on a set of factors on which I evaluate two companies. I have developed a rating system based on factors such as returns on invested capital, insider ownership, share repurchases, gross profit margin, and intangibles to evaluate Palantir and Snowflake. I conclude that both companies show potential with operating leverage; they also have areas for improvement, particularly in terms of share repurchases and operating profitability.

The Hunt For Potential 10x Returns: 2 Software Giants

Snowflake Inc   (NYSE:SNOW) stock is up 0.2% at $172.85 at last check, bucking today's broader market pullback.

Snowflake Stock Looks Ready to Spring Higher

NVIDIA

Snowflake stock has gained about 27% year-to-date, underperforming the Nasdaq-100, which remains up by about 37%.

Is Snowflake A Buy Following AI Deal With Nvidia?

Microsoft

Cloud-based data warehouser Snowflake NASDAQ: SNOW stock has been forming a rounding bottom since its $119.26 low in January 2023. Snowflake's platform enables many different workloads on a single platform enabling data access and flexibility, which are crucial for artificial intelligence (AI) training and applications.

Snowflake Partners with NVIDIA and Microsoft for AI Data Cloud

Fintel reports that on June 30, 2023, Morgan Stanley reiterated coverage of Snowflake Inc – (NYSE:SNOW) with a Overweight recommendation.

Morgan Stanley Reiterates Snowflake Overweight Recommendation

No-Headquarters/BOZEMAN, Mont.--(BUSINESS WIRE)-- #TheDataCloud--Snowflake (NYSE: SNOW), the Data Cloud company, last week concluded its fifth-annual Snowflake Summit conference and its largest data, apps, and AI event with nearly 12,000 in-person attendees live in Las Vegas, Nevada from June 26-29, and over 11,000 registered virtually. The four-day conference brought together customers, partners, technical experts, and executives from around the world as Snowflake unveiled new innovations that enable customer.

Snowflake Concludes its Largest Data, Apps, and AI Event with New Innovations that Bring Generative AI to Customers' Data and Enable Organizations to Build Apps at Scale

Artificial intelligence news this week came from software companies Snowflake and Databricks as well as investment firm BlackRock.

AI Stocks: Rival Software Makers Battle, BlackRock Calls AI Potential A 'Mega Force'

Snowflake and Nvidia are teaming up to give Snowflake customers the ability to use their own data for proprietary AI creation. Adding this capability may actually be helping Snowflake play catch-up to a private competitor.

Snowflake and Nvidia Partner Up on AI, but There's a Lot More to This Story

Fintel reports that on June 28, 2023, Goldman Sachs maintained coverage of Snowflake Inc – (NYSE:SNOW) with a Buy recommendation.

Goldman Sachs Maintains Snowflake Buy Recommendation

Adobe

Micron Technology

Oracle

Retail investors are chasing the next tech rally with AI-related stocks like Micron, Vanda said. "Sentiment remains buoyant as investors appear to be in the chase for the next best 'juicy' trade.

These are the 4 AI stocks retail investors are pouring into as they chase the next tech rally

Snowflake (SNOW) achieved DoD IL4 authorization that will enable its Government & Education data cloud to better serve U.S. public sector customers, including DoD agency customers.

Snowflake's (SNOW) DoD IL4 Authorization to Boost Prospects

Coinbase

Teladoc

Defying skeptics, i.e., the bears and the lion's share of economists, the tech-heavy Nasdaq Composite was up a huge 29% so far in 2023 as of the afternoon of June 27.

3 Tech Stocks That Have Big Investors Running for the Exit

Shares of Snowflake Inc. stormed higher Thursday after analysts said partnerships and a “blizzard of product announcements” unveiled at this week's Summit 2023 event positioned it as a foundational AI player.

Snowflake stock rallies as ‘blizzard' of AI product announcements make Wall Street happy

Snowflake Inc. stock's lofty valuation premium remains resilient, defying concerns over its recession-prone business model and a disappointing FY2024 guidance implying product revenue deceleration amid an uncertain IT spending climate. The company has announced new and expanded partnerships with Nvidia Corporation and Microsoft Azure earlier this week to bolster its exposure to incremental AI-driven demand. The latest development is expected to neutralize some of the near-term fundamental downside risks facing the stock, and as such, we are retreating to the sidelines.

What To Know About The Partnership Between Snowflake, Nvidia And Microsoft

BOSTON--(BUSINESS WIRE)--Immuta, a data security leader, today announced at Snowflake's annual user conference, Snowflake Summit 2023, the launch of its latest platform enhancements to deliver simplified data security and monitoring in Snowflake so that joint customers can unlock more value, reduce costs, and speed up innovation. These new features include strengthened data mesh support, enhanced security for AI workloads in Snowpark, and advanced Data Security Posture Management (DSPM). The pa.

Immuta Unveils Platform Updates to Simplify Data Security and Monitoring in Snowflake

Marvell Technology

The U.S. gross national debt exceeded $32 trillion on June 16th for the first time. This $32 trillion threshold was achieved 9 years earlier than pre-pandemic predictions indicated, mainly to the utilization of trillions of dollars in emergency funds.

3 Stocks That Are Now Must-Buys on Major Deal News

Data License Plus (DL+) Snowflake Native App provides ease of access to modeled Bloomberg Data LAS VEGAS , June 28, 2023 /PRNewswire/ -- Bloomberg today announced at Snowflake's annual user conference, Snowflake Summit 2023, that its Data License Plus (DL+) offering now powers a Snowflake Native App that will allow mutual customers to provision their set of Bloomberg Data License subscriptions in the Snowflake Data Cloud and configure a ready-to-use environment that is already hydrated with fully modeled Bloomberg data and multi-vendor ESG content — all within minutes. DL+ is Bloomberg's cloud-based data management solution that aggregates, organizes, and links a customer's licensed Bloomberg data and ESG content from multiple providers over multiple delivery channels.

Bloomberg Simplifies Data Management with New Snowflake Native App in the Data Cloud

Snowflake's guidance for a near-term slowdown in growth caused the stock to lag the market in 2023. The adoption of generative AI applications could help the company spring a surprise.

1 Reason to Buy Snowflake, and 1 Reason to Sell

LAS VEGAS , June 27, 2023 /PRNewswire/ -- LTIMindtree (NSE: LTIM) (BSE: 540005), a global technology consulting and digital solutions company today announced at the Snowflake annual user conference, Snowflake Summit 2023 , that it has won the 2023 Global System Integrator Innovation Partner of the Year Award.   LTIMindtree was recognized for developing innovative solutions to simplify and accelerate customers' journey to Snowflake's Data Cloud, with the help of migration tools and accelerators, data products and industry solutions.

LTIMindtree Named Snowflake Global System Integrator Innovation Partner of the Year

LAS VEGAS--(BUSINESS WIRE)-- #DataConnectors--Airbyte is now available on the Snowflake Marketplace.

CORRECTING and REPLACING Airbyte Launches a Snowflake Native App in the Data Cloud

LAS VEGAS--(BUSINESS WIRE)--A new quote has been added as the eighth paragraph of release. The updated release reads: ADDING AND REPLACING ALTR ROLLS OUT SNOWFLAKE NATIVE FORMAT-PRESERVING DATA PROTECTION USING SNOWPARK Data governance innovator announces a module to encrypt and decrypt data natively within the Snowflake Data Cloud, cutting data security costs and accelerating query times up to 1000x for ALTR customers ALTR, innovator of automated data governance and data security solutions, to.

ADDING and REPLACING ALTR Rolls Out Snowflake Native Format-Preserving Data Protection Using Snowpark

SAN FRANCISCO--(BUSINESS WIRE)--Select Star, the fully automated data discovery and governance platform for the modern data stack, today announced at Snowflake's annual user conference, Snowflake Summit 2023, the launch of Data Warehouse Cost Analysis for the Snowflake Data Cloud. This new integration will enable organizations to view in-depth analysis of their Snowflake spend by queries, tables, dashboards, and teams. “If you want to manage usage-based costs in a cloud environment, it's import.

Select Star Launches Data Warehouse Cost Analysis for the Snowflake Data Cloud

LAS VEGAS--(BUSINESS WIRE)--DataRobot today announced at Snowflake's annual user conference, Snowflake Summit 2023, an expansion of the DataRobot and Snowflake integration, enabling organizations to build, deploy and scale AI models on Snowflake, maximizing their existing Snowflake investments. “The DataRobot AI Platform and the Snowflake Data Cloud are a powerful combination,” said Venky Veeraraghavan, Chief Product Officer at DataRobot. “Our integration with Snowflake for data preparation, mo.

DataRobot Launches New Integrations with Snowflake Data Cloud

LAS VEGAS--(BUSINESS WIRE)--Weights & Biases announced that it can now run the W&B Dedicated Cloud securely in the Snowflake Data Cloud with Snowpark Container Services.

Weights & Biases Accelerates Deep Learning, Large Language Models (LLMs), and Generative AI Securely in the Snowflake Data Cloud with New Snowpark Container Services

LAS VEGAS--(BUSINESS WIRE)--Tamr, Inc., the leader in data products, today announced at Snowflake's annual user conference, Snowflake Summit 2023, the launch of Tamr Smart Curation, a Snowflake Native App on Snowflake Marketplace. This new app allows data teams to monitor their data products seamlessly and proactively. Tamr and Snowflake's joint customers can now alert users to potential data quality issues directly in Snowflake and feed the resolutions back into their data products with ease,.

News for Snowflake Stock (SNOW)