Snowflake Q2 Earnings: Revenue Beat, EPS Beat, Raised Guidance, Additional $2.5B Buyback, 'Great Traction' With AI Products
Snowflake Q2 Earnings: Revenue Beat, EPS Beat, Raised Guidance, Additional $2.5B Buyback, 'Great Traction' With AI Products
$Snowflake (SNOW.US)$ reported second-quarter financial results that topped analyst expectations after the market close on Wednesday. Here's a look at the key highlights from the quarter.
$Snowflake (SNOW.US)$ 周三市场收盘后,报告了第二季度财务业绩,超出了分析师的预期。下面是本季度的主要亮点。
Q2 Earnings: Snowflake reported second-quarter revenue of $868.823 million, beating the consensus estimate of $849.704 million, according to Benzinga Pro.
Q2收益:根据Benzinga Pro的数据,Snowflake第二季度的营业收入为8,688.23百万元,超过了共识估计的8,497.04百万元。
The data cloud company reported adjusted earnings of 18 cents per share, beating analyst estimates of 16 cents per share.
这家数据云公司的调整后每股收益为0.18美元,超过了分析师预计的0.16美元每股。
Total revenue was up 29% year-over-year. Product revenue came in at $829.3 million, up 30% year-over-year. Net revenue retention rate was 127% in the quarter.
总收入同比增长了29%。产品收入为8,293百万元,同比增长了30%。季度净收入保留率为127%。
Remaining performance obligations totaled $5.2 billion, up 48% year-over-year. Snowflake said it ended the quarter with 510 customers with trailing 12-month product revenue greater than $1 million.
剩余绩效承诺总额为5.2亿美元,同比增长了48%。Snowflake表示,该季度结束时,拥有超过100万美元的过去12个月产品收入的客户数量为510家。
"The quarter was hallmarked by innovation and product delivery, and great traction in the early stages of our new AI products. With the combination of our platform, the network effect of collaboration and our AI innovations, we have a huge opportunity ahead to deliver even greater value to our customers," said Sridhar Ramaswamy, CEO of Snowflake.
“这个季度以创新和产品交付为特色,我们的新AI产品在早期阶段取得了巨大成功。凭借我们的平台、协作的网络效应和我们的AI创新,我们有巨大的机会为客户提供更大的价值,”Snowflake的CEO Sridhar Ramaswamy表示。
Snowflake's board authorized an additional $2.5 billion for its share repurchase program, and extended the duration through March 2027. The company said it had $491.9 million remaining on its buyback as of July 31.
Snowflake的董事会授权其回购计划额外25亿美元,并将期限延长至2027年3月。截至7月31日,该公司的回购金剩余491.9百万元。
Outlook: Snowflake sees third-quarter product revenue in the range of $850 million to $855 million, up approximately 22% on a year-over-year basis.
展望:Snowflake预计第三季度产品收入在8,5000百万元至8,5500百万元的范围内,同比增长约为22%。
The company also raised its full-year product revenue expectations. Snowflake now expects full-year product revenue of $3.356 billion, up 26% year-over-year.
该公司还提高了全年产品营业收入预期。snowflake现在预计全年产品营业收入为33.56亿美元,同比增长26%。
SNOW Price Action: Snowflake shares were down 8.02% in after hours, trading at $124.23 at the time of publication Wednesday.
snowflake 价格走势:Snowflake股票在盘后交易中下跌了8.02%,周三发布时交易价格为124.23美元。