Have you ever heard of Snowflake (ticker symbol: SNOW), a U.S. stock?
It is a cloud-based data warehousing company.
In this article, I would like to introduce the company’s financial results for the period from February to April 2021, which were announced on May 26, 2021.
February to April 2021
EPS is -70¢ vs. -16¢ expected.
Net sales: $229 million vs. $213 million expected.
Sales growth was 110.4% YoY.
Product sales were $214 million, up 110% from the same period last year.
The total number of customers was 4532. In the same period last year, the number was 2,720.
The number of large customers with product sales exceeding $1 million was 104. In the same period last year, the number was 48.