Snowflake Gains Some 20% After Hours as Earnings, Revenue Exceed Estimates
Snowflake Gains Some 20% After Hours as Earnings, Revenue Exceed Estimates
“Snowflake delivered a strong third quarter, with product revenue of $900 million, up 29% year-over-year, and remaining performance obligations of $5.7 billion, with year-over-year growth accelerating to 55%,” said Sridhar Ramaswamy, CEO of Snowflake. “Our obsessive drive to produce product cohesion and ease of use has built Snowflake into the easiest and most cost effective enterprise data platform. That is what’s leading us to win new logo after new logo, expand within our customer base, and displace our competition over and over again.”$Snowflake (SNOW.US)$ rose nearly 20% after hours Wednesday after the tech company reported Q3 earnings that exceeded analyst estimates.
$Snowflake (SNOW.US)$ 周三盘后，该科技公司的第三季度财报超出了分析师的预期，股价上涨近20%。
SNOW gained 19% to $153.70 shortly before 5 p.m. ET after saying that Q3 earnings per share were $0.20 vs. analyst estimates of $0.15.
Snowflake的股价在下午5点之前上涨19%，达到153.70美元，原因是其第三季度每股收益为0.20美元，而分析师预期为0.15美元。
Revenue for the quarter was $942.1 million, representing 28% year-over-year growth. Product revenue was $900.3 million, representing 29% year-over-year growth.
本季度营业收入为94210万美元，同比增长28%。产品营收为90030万美元，同比增长29%。
“Snowflake delivered a strong third quarter, with product revenue of $900 million, up 29% year-over-year, and remaining performance obligations of $5.7 billion, with year-over-year growth accelerating to 55%,” said Sridhar Ramaswamy, CEO of Snowflake. “Our obsessive drive to produce product cohesion and ease of use has built Snowflake into the easiest and most cost effective enterprise data platform. That is what’s leading us to win new logo after new logo, expand within our customer base, and displace our competition over and over again.”
“snowflake在第三季度表现强劲，产品营收达到90000万美元，同比增长29%，剩余业绩承诺为57亿美元，同比增速加快至55%。”Snowflake的首席执行官Sridhar Ramaswamy表示，“我们对实现产品一体化和易用性的执着追求，将Snowflake打造成了最简单、成本效益最高的企业数据平台。这正是让我们不断赢得新客户、在现有客户群体中扩展并一次又一次取代竞争对手的原因。”
Looking ahead, Snowflake gave Q4 guidance of product revenue between at $906 million - $911 million, with 23% year-over-year growth.
展望未来，Snowflake给出了第四季度产品营业收入的指导，预计在90600万至91100万之间，同比增长23%。
