Reports Q1 revenue $1.04B, consensus $1.01B. Product revenue for the quarter was $996.8 million, representing 26% year-over-year growth. “Snowflake (SNOW) delivered another strong quarter, with product revenue of $997 million, up a strong 26% year-over-year, and remaining performance obligations totaling $6.7 billion,” said Sridhar Ramaswamy, CEO of Snowflake. “Snowflake’s mission is to empower every enterprise to achieve its full potential through data and AI. Our focus on making the Snowflake platform easy to use, to enable fluid access to data wherever it sits, and trusted for enterprise-grade performance, is what makes us differentiated and beloved by more than 11,000 customers. We see an enormous opportunity ahead as we extend this value throughout the full data lifecycle.”
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