$Snowflake (SNOW.US)$ rose nearly 20% after hours Wednesday after the tech company reported Q3 earnings that exceeded analyst estimates.
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.
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.
“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.”
Looking ahead, Snowflake gave Q4 guidance of product revenue between at $906 million - $911 million, with 23% year-over-year growth.
$スノーフレイク (SNOW.US)$ 技術企業が第3四半期のアナリストの予想を上回る決算を発表した後の水曜日の営業時後に株価はほぼ20%上昇しました。
SNOWは午後5時前に19%上昇し、第3四半期の1株当たり利益が0.20ドルで、アナリストの見積もり0.15ドルを上回ったと発表後の短時間で153.70ドルになりました。
四半期の売上高は942100000ドルで、前年同期比28%の成長です。製品売上高は900300000ドルで、前年同期比29%の成長を示しています。
「Snowflakeは第3四半期に製品売上高が前年同期比29%増の900000000ドル、そして残存パフォーマンス義務額が57億ドルで前年同期比55%の成長を加速させました」と、SnowflakeのCEOであるSridhar Ramaswamyは述べています。「製品の一体性と使いやすさを追求する我々の強迫観念が、Snowflakeを最も使いやすく、最も費用対効果の高い企業向けデータプラットフォームに育て上げました。これが新規の取引先を獲得し、お客様基盤内で拡大し、繰り返し競合他社を駆逐している理由です。
今後を見据えて、Snowflakeは第4四半期の製品売上高の成長率を前年比23%で906000000ドルから911000000ドルの間と見積もっています。