Snowflake CEO Downplays Cyberattack Impact Amid 8% Stock Drop After Q2 Earnings Report: 'Not Really Affected Our Core Business'
Snowflake CEO Downplays Cyberattack Impact Amid 8% Stock Drop After Q2 Earnings Report: 'Not Really Affected Our Core Business'
He also clarified that the breach was not due to any fault on Snowflake's part, attributing it to customers with "user IDs and passwords without things like multifactor authentication." The attack, which took place in May, affected several Snowflake clients, including $Snowflake (SNOW.US)$ CEO Sridhar Ramaswamy has assured that the recent cyberattack on the company has not affected its core business, despite a drop in stock prices following the announcement of the latest earnings.
$Snowflake (SNOW.US)$ CEO Sridhar Ramaswamy保证称，公司最近的网络攻击虽然导致股价下跌，但并未影响其核心业务。
What Happened: Ramaswamy assured that the cyberattack earlier this year had minimal impact on Snowflake's operations. In his interview with CNBC's Jim Cramer on Wednesday, he highlighted the strength and security of the Snowflake platform.
事件经过：Ramaswamy保证称，今年早些时候的网络攻击对Snowflake的运营影响较小。在接受CNBC的吉姆·克莱默采访时，他强调了Snowflake平台的强大和安全性。
"These headlines, and that's what they are, have not really affected our core business with existing or new customers," Ramaswamy said.
“这些标题，也只是标题，实际上并没有对我们与现有或新客户的核心业务产生真正的影响，”Ramaswamy说到。
He also clarified that the breach was not due to any fault on Snowflake's part, attributing it to customers with "user IDs and passwords without things like multifactor authentication." The attack, which took place in May, affected several Snowflake clients, including $AT&T (T.US)$ and Live Nation.
他还明确指出，这次入侵不是Snowflake的过错，而是归因于客户的“用户ID和密码等没有多重身份验证的问题”。这次攻击发生在5月，影响了包括 在内的多个Snowflake客户。 $AT&T (T.US)$ 和Live Nation。
Ramaswamy also addressed concerns about a lower operating margin, explaining that the company is investing in areas like engineering and sales to drive future revenue. He dismissed worries about the decline, stating it is not a long-term issue.
Ramaswamy还解释了对营业利润率下降的担忧，他表示公司正在投资工程和销售等领域以推动未来的营业收入。他否认了对下降的担忧，并表示这不是一个长期问题。
Why It Matters: Despite the breach, Snowflake's earnings, released after the market close on Wednesday, exceeded Wall Street's expectations, leading to an increase in the full-year product revenue forecast. However, the stock experienced an 8% drop in after-hours trading, partly due to the company's lower operating margin guidance for the upcoming quarter.
尽管遭到外泄，但Snowflake在周三盘后公布的季度财报超过华尔街的预期，导致全年产品收入预测增加。然而，由于公司对未来一个季度的营业利润率指导较低，股价在盘后交易中下跌了8%。
Snowflake reported second-quarter revenue of $868.823 million, surpassing the consensus estimate of $849.704 million. The company also posted adjusted earnings of 18 cents per share, beating analyst predictions of 16 cents per share.
Snowflake报告第二季度营业收入为86882.3万美元，超过了84970.4万美元的共识预测。该公司还发布了每股18美分的调整后盈利，超过了分析师预测的每股16美分。
Snowflake's strong earnings report and raised guidance, coupled with a $2.5 billion buyback program, highlight the company's resilience and growth potential.
Snowflake强劲的财报和上调的指导，再加上25亿美元的回购计划，突显了该公司的抗风险能力和增长潜力。
Price Action: Snowflake's stock closed at $135.06 on Wednesday, up 2.38%. However, in after-hours trading, the stock dropped significantly by 8.02%. Year to date, Snowflake has seen a $Sharp (6753.JP)$ decline of 28.59%, according to data from Benzinga Pro.
股价表现：Snowflake周三收盘价为135.06美元，上涨2.38%。然而，在盘后交易中，股价大幅下跌了8.02%。根据Benzinga Pro的数据，Snowflake今年以来下跌了28.59%。 $夏普 (6753.JP)$ 根据Benzinga Pro的数据，Sharp(6753.JP)的股价下跌了28.59%。
This story was generated using Benzinga Neuro and edited by Kaustubh Bagalkote
这个故事是使用Benzinga Neuro生成的，并由Kaustubh Bagalkote编辑