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.
$Snowflake (SNOW.US)$ 在週三收盤後,報告了超過分析師預期的第二季度財務業績。以下是該季度的主要亮點。
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:根據Benzinga Pro的數據,Snowflake第二季度的營業收入爲8,688.23百萬元,超過了共識估計的8,497.04百萬元。
The data cloud company reported adjusted earnings of 18 cents per share, beating analyst estimates of 16 cents per share.
這家數據雲公司的調整後每股收益爲0.18美元,超過了分析師預計的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.
總收入同比增長了29%。產品收入爲8,293百萬元,同比增長了30%。季度淨收入保留率爲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.
剩餘績效承諾總額爲5.2億美元,同比增長了48%。Snowflake表示,該季度結束時,擁有超過100萬美元的過去12個月產品收入的客戶數量爲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.
「這個季度以創新和產品交付爲特色,我們的新AI產品在早期階段取得了巨大成功。憑藉我們的平台、協作的網絡效應和我們的AI創新,我們有巨大的機會爲客戶提供更大的價值,」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的董事會授權其回購計劃額外25億美元,並將期限延長至2027年3月。截至7月31日,該公司的回購金剩餘491.9百萬元。
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預計第三季度產品收入在8,5000百萬元至8,5500百萬元的範圍內,同比增長約爲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.
該公司還提高了全年產品營業收入預期。snowflake現在預計全年產品營業收入爲33.56億美元,同比增長26%。
SNOW Price Action: Snowflake shares were down 8.02% in after hours, trading at $124.23 at the time of publication Wednesday.
SNOW價格行情:Snowflake股票在盤後交易中下跌8.02%,截至週三出版時交易價格爲124.23美元。