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保證稱，公司最近的網絡攻擊雖然導致股價下跌，但並未影響其核心業務。
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.
事件經過：Ramaswamy保證稱，今年早些時候的網絡攻擊對Snowflake的運營影響較小。在接受CNBC的吉姆·克萊默採訪時，他強調了Snowflake平台的強大和安全性。
"These headlines, and that's what they are, have not really affected our core business with existing or new customers," Ramaswamy said.
「這些標題，也只是標題，實際上並沒有對我們與現有或新客戶的核心業務產生真正的影響，」Ramaswamy說到。
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.
他還明確指出，這次入侵不是Snowflake的過錯，而是歸因於客戶的「用戶ID和密碼等沒有多重身份驗證的問題」。這次攻擊發生在5月，影響了包括 在內的多個Snowflake客戶。 $AT&T (T.US)$ 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還解釋了對營業利潤率下降的擔憂，他表示公司正在投資工程和銷售等領域以推動未來的營業收入。他否認了對下降的擔憂，並表示這不是一個長期問題。
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.
儘管遭到外泄，但Snowflake在週三盤後公佈的季度業績超過華爾街的預期，導致全年產品收入預測增加。然而，由於公司對未來一個季度的營業利潤率指導較低，股價在盤後交易中下跌了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報告第二季度營業收入爲86882.3萬美元，超過了84970.4萬美元的共識預測。該公司還發布了每股18美分的調整後盈利，超過了分析師預測的每股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強勁的業績和上調的指導，再加上25億美元的回購計劃，突顯了該公司的抗風險能力和增長潛力。
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.
股價表現：Snowflake週三收盤價爲135.06美元，上漲2.38%。然而，在盤後交易中，股價大幅下跌了8.02%。根據Benzinga Pro的數據，Snowflake今年以來下跌了28.59%。 $夏普 (6753.JP)$ 根據Benzinga Pro的數據，Sharp(6753.JP)的股價下跌了28.59%。
This story was generated using Benzinga Neuro and edited by Kaustubh Bagalkote
這個故事是使用Benzinga Neuro生成的，並由Kaustubh Bagalkote編輯