Better Cloud Stock: Snowflake vs. Datadog | The Motley Fool Snowflake's product revenues contributed 93.4% to total revenues. Snowflake revenue for the twelve months ending October 31, 2021 was $1.026B, a 155.49% increase year-over-year. Snowflake rising on fiscal Q2 revenue beat, raised year ... And . Snowflake stock reported a loss of 51 cents a share using generally accepted accounting principles compared with a loss of $1.01 per share a year earlier. By Maria Armental Snowflake Inc. raised its product revenue projections for the year, following a stronger-than-expected performance in the third quarter. SAN MATEO, Calif.-- (BUSINESS WIRE)-- Snowflake (NYSE: SNOW), provider of the Data Cloud, today announced financial results for its third quarter of fiscal 2021, ended October 31, 2020. In the most recent . For the current quarter, the company projected product revenue to rise to $280 million to $285 million, representing growth of 89% to 92%. Snowflake annual revenue for 2019 was $0.097B, a INF% increase from . Once you're on the cloud, it makes the customer . "Snowflake saw momentum accelerate in Q3, with product revenue growing 110% year-on-year to $312.5 million. The company reported a mixed bag of third-quarter results with revenue exceeding and earnings missing estimates. With respect to guidance, Snowflake said it expects $195 million to $200 million in product revenue in the fiscal first quarter, which would be up 92% to 96% year over year. SNOW stock jumped 7.6% to close at 305.26 on the . See if SNOW stock is a buy or sell. Since we evolved from monkeys, we think in linear terms by nature . ET First Published: Dec. 2, 2021 at 10:36 a.m. Continued international expansion during the quarter resulted in product revenue from . In March Snowflake's full-year guidance was $1.00 billion to $1.02 billion in product revenue. Analysts had estimated Snowflake revenue at $305.6 million. Snowflake expects full fiscal year 2022 product revenue in the range of $1.06 to $1.07 billion — the midpoint of which is about 93% more than the year before. That's a head and shoulders above most loss-making companies. Dec 1, 2021 1:28 PM PST By Maria Armental Snowflake Inc.'s revenue more than doubled in the latest period, helped by international expansion, as the number of its $1-million-plus customers reached. Revenues of $334.4 million beat the consensus mark by 30% and jumped 109.5% year over year. 116 customers with trailing 12-month product revenue greater than $1 million. Snowflake soared after earnings. Do the numbers hold clues to what lies ahead for the stock? Investor Activity Snowflake has actively raised capital from investors. CEO Comments The company, founded in 1979, issued guidance that total revenue is expected to grow at a low . Quarterly Results Snowflake's revenue jumped 110% year-over-year to $334.44 million,. 110% 72% YOY PRODUCT REVENUE GROWTH NON-GAAP PRODUCT GROSS . For the current quarter, the company projected product revenue to rise to $280. Snowflake reported a net revenue-retention rate of 173% as of the end of the quarter on Oct. 31, and a remaining performance obligation of $1.8 billion, up 94% from last year and roughly in line . Snowflake grew its revenue by 111% last year. The company said it now expects product revenue for the year to reach $1.12 billion to $1.13 billion, up from its earlier view of $1.06 billion to $1.07 billion. The company said it now expects product revenue for the year to reach $1.12 billion to $1.13 billion, up from its earlier view of $1.06 billion to $1.07 billion. For the full 2022 fiscal year Snowflake called for $1.020 billion to $1.035 billion in product revenue, which at the middle of the range implies 86% growth and is more than the $1.02 billion FactSet consensus. Third-quarter net loss narrowed to $154.9 million from $168.9 million a year earlier. Snowflake Reports Financial Results for the Fourth Quarter and Full Year of Fiscal 2021 Product revenue of $178.3 million in the fourth quarter, representing 116% year-over-year growth Remaining. Shares subsequently climbed higher by 13%, powered by exceptional sales and strong revenue . Snowflake Inc. reported a surge in revenue in the latest period and projected about $1 billion in product revenue this year, driven by the digital boom hastened by the Covid-19 pandemic lockdowns. CEO Frank Slootman reflected on the results, pointing out the diverse customer base that includes 223 Fortune 500 companies and growth in new markets like Israel . That is above consensus for product revenue of $272 million. Snowflake annual revenue for 2021 was $0.592B, a 123.63% increase from 2020. ET The solid 33% share price gain goes down pretty well, but it's not necessarily as good as you might expect given the top notch revenue growth. Snowflake Inc. (SNOW) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of a loss of $0.06 per share. Quarter Details. TRAGIC TOLL Troubling spike in pregnant people dying of Covid in the last four months "It's nice to be nice." But despite encouraging a positive attitude, Craig says the cruelness of others doesn't bother him - in fact . Both Snowflake and Segment are established providers, with the former announcing revenue of $334.4 million earlier this year and the latter being acquired by Twilio for $3.2 billion in 2020. Snowflake said its remaining performance obligation, a measure of backlog, rose 122%, year over year, to $1.5 billion. Snowflake's IPO will test what it means to have a high valuation. Now in its sixth year, the . Snowflake said its remaining performance obligation, a measure of backlog, rose 122%, year over year, to $1.5 billion. For next fiscal year FY22, Wall Street analysts are expecting Snowflake to generate $1.88 billion in revenue, up 64% y/y. For the full 2022 fiscal year Snowflake called for $1.020 billion to $1.035 billion in product revenue, which at the middle of the range implies 86% growth and is more than the $1.02 billion . Product revenue for the quarter was $312 . Snowflake arrived in the public market today in breathtaking fashion, instantly becoming one of the stock market's most expensive . But customers are still embracing its services: Second-quarter revenue doubled to $255 million. Note that this is truly impressive: I can't think of another tech company . Revenue grew 133% year-over-year in the first six months of fiscal 2021 ending in July, growing from $104 million to $242 million with improving gross profit margins of 61.5%. Snowflake's revenue rocketed 110% year over year to $334.4 million. Companies like Databricks have forced it into a more defensive position within a market it helped create. This compares to loss of $0.28 per share a year ago . Revenue for the quarter was $334.4 million, representing 110% year-over-year growth. Snowflake delivered revenue growth last fiscal year of 173% and 121% in the most recent quarter. Amazon, BlackRock, Cognizant, Dataiku, Deloitte, and . The Silicon Valley company, which helps . A year later that number was $264.7 million, or growth of around 150% at scale. Revenue growth from 2019 to 2020 was driven primarily by increased consumption of the platform, and sales prices increased 11% year over year (Snowflake instructed its sales force to apply . Snowflake stock closed Wednesday's trade at $311, down 29.15 or 8.57%. As far as earnings go, the company reported a loss of $0.51 per share. In 2016, a few employees at St. Luke's Community Living started "Project Snowflake" — a secret Santa plan aimed to make seniors' wishes come true for Christmas. Snowflake annual revenue for 2020 was $0.265B, a 173.88% increase from 2019. Analysts had estimated Snowflake revenue of $256.5 million. A little more than a year after Snowflake's historic IPO, the cloud-native data management market has gotten a lot more complicated. Snowflake, which only went public in September 2020, reported $334.4 million in revenue for the quarter, which is a 110% year-over-year increase. So what Snowflake's revenue. For the full 2022 fiscal year, Snowflake expects product revenue to come in the range between $1.126 billion to $1.131 billion, representing YoY growth between 103% and 104%. The gains were driven in part by the . On a per-share basis, the loss was 51 cents a share. SNOW delivered a 29.63% return since the beginning of the . For the past six years, the "Snowflake Project" has been making seniors' wishes come true at St. Luke's Community Living. Shares of Snowflake (NYSE: SNOW) jumped 15.9% on Thursday after the cloud-data leader delivered outstanding growth metrics in its fiscal 2022 third-quarter report. For the current quarter, the company projected product revenue to rise to . Date Investors Percent Raised Target Size; May 6, 2020: 43: 100%: $264 MM: Complete list of funding . For every $1 of revenue Snowflake received from their customers a year ago, that same pool of customers are now paying $1.58. Snowflake's revenue more than doubled, rising 110% year over year to $228.9 million. That means Snowflake could acquire no new customers, and they would still be doubling revenue every 18 months. Total revenue increased 110% year-over-year (YoY). 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