Snowflake: Strong Growth, High Margins, and AI as a Driver
Reading Time: 3 minutes
One year after taking office as CEO of Snowflake, Sridhar Ramaswamy draws an impressive balance: "Our core strategy is fully on track. We are growing strongly, investing strategically, and remaining innovative." The numbers speak for themselves: In the 4th quarter, product revenue increased by 28% to $943 million, and remaining performance obligations reached $6.9 billion – an increase of 33%. Strong Performance and Impressive Margins With a net revenue retention rate of 126%, Snowflake remains a reliable growth stock. The operational margins...
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