RE: Snowflake26 Aug 2021 07:48
Snowflake reported a net revenue-retention rate of 169% as of the end of the quarter on July 31, and a remaining performance obligation of $1.5 billion, up 122% from last year. Snowflake also reported that the number of customers rose to 4,990 from 3,117 a year ago, and 116 of those customers have spent more than $1 million with the company in the past 12 months.
“Snowflake saw continued momentum in Q2 with triple-digit growth in product revenue, reflecting strength in customer consumption,”