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lot of these customers where we've seen the -- and we've taken our forecast down, these are customers that have grown so fast their business. And when you have that rapid growth in your business, you don't necessarily pay attention on cost as much. Many of these customers have publicly come out.
You hear them on CNBC talking about cutting costs. And those are the ones who are being prudent and lowering some of our forecast consumption from them. And by the way, we're going into those customers to help them optimize as well, too.
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Transcript
2023 Q1
23 Aug 22
it's usually a lag between when we roll out performance improvements to when we see new workloads driving incremental revenue in Snowflake. But everything is going as planned with regards to the rollout
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Transcript
2023 Q1
23 Aug 22
April, we did see weakness in week-over-week growth in our total revenue by customer. But to be honest, the last two weeks of March or May has been very strong. But just given everything in the macro headwinds we're hearing, we're going to be a little bit more cautious going into the full year.
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2023 Q1
23 Aug 22
we will be hosting our summit conference in-person in June. The associated expenses will largely be incurred in every Q2 moving forward.
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2023 Q1
23 Aug 22
Our adjusted free cash flow margin was 43%, positively impacted by strong collections from record Q4 bookings.
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2023 Q1
23 Aug 22
outperformed our internal plan by approximately $300 million in the quarter. This led to a tough quarter-over-quarter comparison, which is why you're seeing a sequential decline in RPO in Q1
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2023 Q1
23 Aug 22
Today, there are over 425 Powered by Snowflake partners, representing 48% quarter-over-quarter growth.
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2023 Q1
23 Aug 22
In Q1, the number of stable edges grew 122% year-on-year. 20% of our growing customer base has at least one stable edge, up from 15% a year ago. Snowflake's Data Marketplace listings grew 22% quarter-over-quarter, now with more than 1,350 data listings from over 260 providers.
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2023 Q1
23 Aug 22
So you had commented on slower consumption from consumer cloud. We're probably associating that with Facebook, Netflix, Peloton, Snap types of public companies that have missed. Is it reasonable to assume some softness from enterprise software companies, maybe the cash burning, venture backed ones that are also slowing their investments and trying to get to cash flow breakeven? And then it's kind of the same question for retailers.
Just in the wake of Amazon, Walmart, Target, we have the three biggest retailers that have missed their own numbers. And I'm just wondering if there's any recalibration there?
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2023 Q1
27 May 22
Our business model allows organizations to have complete flexibility on how much Snowflake they use. Customers rely on Snowflake to run their businesses. Their consumption aligns with their current business needs. Last year, we saw certain customers experience much higher than expected consumption -- own businesses were growing extremely fast. Today, some customers face a more challenging operating environment. Specific customers consume less than we anticipated amid shifting economic circumstances, we believe are unique to their businesses, most notably consumer facing cloud companies.
Although these customers are still growing, we believe as long as they are impacted by macroeconomic headwinds their consumption will be impacted. Consumption patterns may fluctuate from quarter-to-quarter. This variability does not detract from our long-term opportunity. Customer’s overall demand for Snowflake remains unchanged. This is supported by the contractual commitments they are making with us and their longer-term plans for adopting the data cloud across their organization.
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2023 Q1
27 May 22
Streamlit. There is no revenue
Paid $800mm for Streamlit, generates no revenue
Transcript
2022 Q4
19 May 22
59,744
This could be ignored since its money coming in later.
10-Q
2022 Q3
2 Feb 22
he net revenue retention rate expanded to 173% and we recorded our first po
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2022 Q3
6 Dec 21
As a result of the lock-up agreements described below and subject to the provisions of Rules 144 or 701 under the Securities Act, these restricted securities will be available for sale in the public market as follows:
Lockup
424B4
23 May 21
officers and the holders of substantially all of our capital stock and securities convertible into our capital stock are or will be subject to lock-up agreements that restrict their ability to transfer shares of our capital stock during specified periods of time after the date of this prospectus, subject to certain exceptions. Subject to compliance with Rule 144, shares of our Class B common stock as well as shares underlying outstanding RSUs and shares subject to outstanding options will be eligible for sale in the public market in the near future as set forth below:
Lockup
S-1/A
17 May 21