Snowflake reports Q4 EPS 14c, consensus 4c

Reports Q4 revenue $589.0M, consensus $575.7M. Q4 Product revenue for the quarter was $555.3M, representing 54% year-over-year growth. Remaining performance obligations were $3.7B, representing 38% year-over-year growth. "Snowflake finished fiscal 2023 with 70% year-over-year product revenue growth, totaling $1.9 billion. Non-GAAP adjusted free cash flow margin for the year was 25%," said Frank Slootman, CEO. "We are operating in a vast and growing market, prioritizing capabilities that support the core mission of the enterprise, and staying on track for our $10 billion product revenue goal in fiscal 2029."