Snowflake Q3 Earnings: Revenue Beat, EPS Beat, Guidance Raise, AI Acquisition, Anthropic Partnership And More

Quick Summary:

Q3 Earnings: Snowflake reported third-quarter revenue of $942.09 million, beating the consensus estimate of $896.99 million. The data cloud company reported adjusted earnings of 20 cents per share, beating analyst estimates of 15 cents per share, according to Benzinga Pro.

Snowflake said it ended the quarter with 542 customers with trailing 12-month product revenue greater than $1 million.“Our obsessive drive to produce product cohesion and ease of use has built Snowflake into the easiest and most cost-effective enterprise data platform.

Net revenue retention rate was 127% in the quarter. 

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Article Details

Author / Journalist: Adam Eckert

Category: Technology

Markets: United States

Topics: Benzinga SNOW Earnings After-Hours Center AMZN Movers Tech News Why it's moving US0231351067 Guidance

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-20 @ 21:48:27 (3 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 523 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23725042

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About Benzinga

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