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Snowflake Inc Ordinary Shares - Class A SNOW Stock Quote

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Snowflake’s Q2 Beats by Taking Its Upmarket by Storm; Shares Attractive Even With Shares Up 18%

Julie Bhusal Sharma Equity Analyst

Analyst Note

| Julie Bhusal Sharma |

Snowflake’s second quarter was an excellent one, as revenue and GAAP EPS came in well above our expectations and management’s due to a snowballing effect which has Snowflake making traction upmarket. We think such success lies in the ease of setting up and trying out the Snowflake platform, which involves little upfront costs due to the company’s consumption model.

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Company Profile SNOW

Business Description

Founded in 2012, Snowflake is a data lake, warehousing, and sharing company that came public in 2020. To date, the company has over 3,000 customers including nearly 30% of the Fortune 500 as its customers. Snowflake’s data lake stores unstructured and semistructured data that can then be used in analytics to create insights stored in its data warehouse. Snowflake’s data sharing capability allows enterprises to easily buy and ingest data almost instantaneously compared with a traditionally months-long process. Overall, the company is known for the fact that all of its data solutions that can be hosted on various public clouds.

106 East Babcock Street, Suite 3
Bozeman, MT, 59715
T +1 844 766-9355
Industry Software - Application
Most Recent Earnings Jul 31, 2022
Fiscal Year End Jan 31, 2023
Employees 3,992

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