Snowflakes delivers a strong Q1.
Product revenue reached $1.33B, up 34% year-over-year, accelerating from 30% last quarter and 26% a year ago. Their strongest sequential dollar growth in company history.
They added 616 net new customers in the quarter (+38% YoY), and operating margin expanded over 300 basis points to 12%
SNOW was up 16.35 today. Even Teradud was up 2.42. Interesting. There doesn’t seem to be any evidence to support the rise in TDC.
Tech stocks rallied Thursday, after a strong earnings outlook from Snowflake revived enthusiasm around the AI trade. Shares soared about 37%, on pace for its best day ever after the cloud-based data platform provider issued rosy fiscal second quarter guidance, as well as a beat on the top and bottom lines in its latest quarter. The company also inked a plan to spend $6 billion on Amazon Web Services over five years.
Then there’s Teradud.
@dv It’s for comparison and is relevant here. It could help explain constant layoffs.
SNOW up 68 points so far today and BofA says this is just the beginning. Amazon just struck a $6B deal with them. Compare that to TDC.
someone posted about CPO & HIS VPs not knowing about the product, this is what would happen when, including the CEO and, most top execs doesn't understand what product they have in hand and not setting the right vision for it.
if you like that company then you should join that company. There's no use posting about snow in here.
Is Snowflakes CEO looking for a new gig?😎
@aw That's because they added more than Teradata has left
Gee, Snowflake isn’t scared to say how many net new customers they landed. How refreshing.