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Snowflake Inc - Class A

$161.56

Earnings Summary

Revenue
$422.37Mn
Net Profits
$-165.79Mn
Net Profit Margins
-39.25%

Highlights

Revenue:

Snowflake Inc - Class A’s revenue jumped 84.51% since last year same period to $422.37Mn in the Q2 2022. On a quarterly growth basis, Snowflake Inc - Class A has generated 10.06% jump in its revenue since last 3-months.

Net Profits:

Snowflake Inc - Class A’s net profit jumped 18.42% since last year same period to $-165.79Mn in the Q2 2022. On a quarterly growth basis, Snowflake Inc - Class A has generated -25.46% fall in its net profits since last 3-months.

Net Profit Margins:

Snowflake Inc - Class A’s net profit margin jumped 55.78% since last year same period to -39.25% in the Q2 2022. On a quarterly growth basis, Snowflake Inc - Class A has generated -13.99% fall in its net profit margins since last 3-months.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Snowflake Inc - Class A post its latest quarter earnings

EPS Estimate Current Quarter
-0.02
EPS Estimate Current Year
-0.02

Highlights

EPS Estimate Current Quarter:

Snowflake Inc - Class A’s earning per share (EPS) estimates for the current quarter stand at -0.02 - a -300% fall from last quarter’s estimates.

EPS Estimate Current Year:

Snowflake Inc - Class A’s earning per share (EPS) estimates for the current year stand at -0.02.

Key Ratios

Key ratios of the Snowflake Inc - Class A post its Q2 2022 earnings

Earning Per Share (EPS)
0.08

Highlights

Earning Per Share (EPS):

Snowflake Inc - Class A’s earning per share (EPS) jumped 172.73% since last year same period to 0.08 in the Q2 2022. This indicates that the Snowflake Inc - Class A has generated 172.73% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-03-30
0.03
0.12
300%
2022-06-03
0.01
0.08
700%

Company Information

Snowflake Inc., was set up in the year 2012 as a cloud computing company that operates in the space of data warehousing. It was established by 3 warehousing experts Thierry Cruanes, Benoit Dageville along with Marcin Żukowski and is based at present in Bozeman, Montana. The company’s name is an ode to the founders’ preference for winter sports. The company provides data warehouse-as-a-service, which is a cloud-based analytics and data storage solution. Cloud-based technology and software enable commercial subscribers to analyse and store data. It works on Amazon S3, Microsoft Azure and Google cloud platforms. By developing and improving a cloud-based platform, the business is known for reviving the industry for the data warehouse. In 2015, the company launched its first product, a cloud-based database warehouse for the people. In 2018, the company became a unicorn by raising 263 million USD during a round of financing at a valuation of 1.5 billion USD. It subsequently raised 450 million USD from Sequoia Capital by increasing its overall valuation to 3.5 billion USD. In 2019, the company floated Snowflake Data Exchange. After being ranked as one of the US’s top start-ups and subsequently raising 479 million USD, the company went public to raise 3.4 billion USD with the largest ever software-related IPO. It was also the largest IPO to date which ended up doubling its value on the very first day of free trading. The company has over 3500 active customers and announced in May 2021 that it operates without any headquarters with only a principal office for executives in Bozeman, Montana. The revenue for FY21 stands at 592 million USD and 93% of it is consumption-based. The company is valued at 14 billion USD, and the cloud data platform industry size is pegged at 90 billion USD. Currently Snowflake Inc - Class A has a market cap of $38.55 Billion. It has a P.E ratio of -63.44. The shares of Snowflake Inc - Class A are trading at $133.23. .

Organisation
Snowflake Inc - Class A
Headquarters
San Mateo, California, US
Employees
2.5K
Industry
Technology Services
CEO
Frank Slootman