Snowflake Crashes 15% as Outlook Clouds Robust Q1 2023 Financial Results
(Snowflake) Shares of Snowflake fell more than 15% on Thursday despite reporting a revenue of $422.4 million in the first quarter of 2023. The revenue was 85% higher than the…
Snowflake Tanks Despite Robust Q2 2022 Earnings as Growth Outlook Fails to Excite
(Snowflake) Snowflake stock fell more than 22% on Thursday despite reporting a 101% jump in the fourth quarter of 2022 revenue which hit $383.8 million. The company reported product revenue…
Snowflake Upgrades Guidance as Revenues Jump 110% in Q3 2022
(Snowflake) Snowflake reported revenue of $334.4 million in the third quarter of 2022, an increase of 100% from the prior year’s fiscal quarter. Product revenue in the third quarter climbed…
Snowflake Widens Its Loss to $189.8 Million in Q2 FY22 Despite a Jump in Revenue
(Snowflake) Snowflake, Inc.’s net loss increased to $189.8 million in the second quarter of the 2022 fiscal year, from a loss of $77.6 million in the same period of last…
Blackstone Names Snowflake CEO Frank Slootman as Senior Adviser
Blackstone Group Inc. named Snowflake Inc. Chief Executive Officer Frank Slootman as its senior adviser reports Bloomberg Quint. Slootman will help Blackstone’s portfolio companies with a focus on its platform…