Cloud Data Platform Provider Snowflake Forecasts Stronger Revenue Growth

Cloud data platform Snowflake reported better than expected 2nd quarter earnings Wednesday. $SNOW shares popped over 18% in extended trading. The software company raised FY23 product revenue guidance and raised non-GAAP gross margin guidance. When the Snowflake (SNOW) debuted on September 16, 2020, it became the largest software IPO in history. Snowflake Inc. NYSE: SNOW Reported Earnings After Close Wednesday Snowflake Q2 2022 Earnings Highlights EPS: Loss of 70 cents Revenue: $497 million vs. $467 million expected, according to Refinitiv, … Continue reading “Cloud Data Platform Provider Snowflake Forecasts Stronger Revenue Growth”

Data Cloud Storage Software Company Snowflake Forecasts Slower Revenue Growth Than Investors Hoped

Cloud data platform Snowflake, who launched it’s IPO last September reported Fiscal 4th quarter earnings Wednesday. $SNOW sold off after it’s full-year guidance did not exceed analysts’ estimates, a miss in a hugely overvalued technology sector. SNOW also announced an end to its dual-share class structure.