Snowflake (SNOW) Reports Revenue Growth of 119% in First Quarter as Public Company, Analysts Raise PTs

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Go back to Snowflake (SNOW) Reports Revenue Growth of 119% in First Quarter as Public Company, Analysts Raise PTs

Snowflake Reports Financial Results for the Third Quarter of Fiscal 2021

December 2, 2020 4:01 PM EST

Product revenue of $148.5 million, representing 115% year-over-year growth Remaining performance obligations of $927.9 million, representing 240% year-over-year growth 3,554 total customers Net revenue retention rate of 162% 65 customers with trailing 12-month product revenue greater than $1 million

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.

Total revenue for the quarter was $159.6 million, representing 119% year-over-year growth. Product revenue was $148.5 million, representing 115% year-over-year growth. Remaining performance obligations were $927.9 million, representing 240% year-over-year growth.... More