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Snowflake (SNOW) Revenues Q3 2022

Frank Slootman, CEO of Snowflake, said on IPO day in 2020. He is known as a demanding leader and a straight shooter. “I frequently attend the board of directors of other companies, and the CEO presents a list of 10 priorities … well, it’s the same as having no priorities,” he recently told CNBC. Told.

CNBC

Snowflake data analytics software company’s share rose more than 13% on Wednesday after announcing third-quarter earnings that exceeded analysts’ earnings expectations and provided strong product earnings guidance.

The company’s way is as follows.

  • Revenue: Loss of 51 cents per share
  • Revenue: According to Refinitiv, it’s $ 334.4 million, compared to what analysts expected at $ 305.6 million.

Third-quarter sales, which ended October 31, increased 110% year-over-year. Sales in the previous quarter increased 104%. The company’s net loss decreased from $ 168.9 million in the previous year to $ 154.9 million.

Snowflake provided fourth-quarter product revenue guidance between $ 345 million and $ 350 million. This means a year-on-year growth of 94% to 96%. The forecast exceeded FactSet’s consensus estimate of $ 315.9 million.

Throughout the 2022 fiscal year, Snowflake demanded product revenue of $ 1.126 billion to $ 1.131 billion. This means a year-on-year growth of 103% to 104%. That guidance also surpassed the $ 1.06 billion and $ 1.07 billion FactSet consensus.

Snowflake (SNOW) Revenues Q3 2022

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