TECH NEWS

Snowflake beat on almost everything. One number went the other way

Snowflake beat expectations on revenue, on profit and on guidance, and its shares rose more than 20% after hours. One number in the release went the other way, and it is the one that looks furthest into the future.

Remaining performance obligations, the contracted revenue Snowflake has booked but not yet recognised, came in at $9.00bn. Brody Ford reported for Bloomberg that analysts had expected $9.37bn.

The numbers that beat

Revenue for the quarter ending 31 July reached $1.55bn, up 35% year on year, against a consensus of $1.48bn. Product revenue, which is 96% of the total, rose 37% to $1.49bn against an expected $1.42bn.

Adjusted earnings came in at 62 cents a share. Analysts had forecast 45 cents.

One point worth getting right, because at least one outlet reported it the other way round. Product revenue excludesprofessional services. The release says so, and the arithmetic confirms it: $1,491.9m...

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PaperCut Flaws Exploited in AI-Powered Attacks

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Asus Rog Cetra Buds Just Hit Their Lowest Price Ever, but This Offer May Not Last

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MSI Cyborg 15 Max Gaming Laptops Launch in India

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The throughput economy: Why the next competitive advantage will be operational velocity

By Krupesh Bhat, Founder and CEO, Melento (formerly SignDesk) Every CEO knows how to measure revenue. Every CFO knows how to measure cost. Every COO has a familiar set of productivity metrics. Yet very few organisations can tell you how much time their business loses while work is simply waiting.

The numbers that beat

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PaperCut Flaws Exploited in AI-Powered Attacks

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MSI Cyborg 15 Max Gaming Laptops Launch in India

The throughput economy: Why the next competitive advantage will be operational velocity