Welcome to our dedicated page for Snowflake news (Ticker: SNOW), a resource for investors and traders seeking the latest updates and insights on Snowflake stock.
Snowflake Inc. (NYSE: SNOW) is a Delaware‑incorporated software company that describes itself as the AI Data Cloud company. This news page aggregates coverage of Snowflake’s announcements, including updates on its data and AI platform, strategic partnerships, financial results, and product innovations. Company press releases emphasize that more than 12,000 organizations, including hundreds of the world’s largest enterprises, use the Snowflake AI Data Cloud to build, use, and share data, applications, and AI.
Readers can expect news about Snowflake’s collaborations with major technology providers such as Amazon Web Services, Google Cloud, SAP, NVIDIA, and Anthropic. Recent announcements have highlighted expanded integrations with Google Cloud’s Gemini models in Snowflake Cortex AI, significant transaction volume through AWS Marketplace, a partnership with SAP Business Data Cloud, and native integration of NVIDIA CUDA‑X libraries in Snowflake ML. Snowflake also reports a multi‑year partnership with Anthropic to bring Claude models into the platform and to power Snowflake Intelligence, its enterprise intelligence agent.
In addition to partnership and product news, Snowflake regularly issues press releases on financial performance and corporate developments. These include quarterly results, guidance updates, and information about governance matters disclosed in SEC filings. Product‑focused updates cover areas such as Snowflake Intelligence, agentic AI, developer tools, observability through the planned acquisition of Observe, and enhancements to machine learning and data engineering workflows on the Snowflake AI Data Cloud.
Investors, customers, and analysts can use this news feed to follow how Snowflake positions its platform in the AI era, how it collaborates across the cloud and enterprise software ecosystem, and how its data and AI capabilities evolve over time.
Snowflake (NYSE: SNOW) has partnered with Blue Yonder to enhance supply chain management through the Luminate™ Platform. This collaboration aims to eliminate data silos, offering end-to-end visibility and actionable insights to customers. Key features include scalability for data processing, faster insights for decision-making, and reduced data redundancies. The partnership emphasizes a unified data infrastructure to tackle supply chain challenges, ultimately improving operational efficiency and customer experience.
Snowflake (NYSE: SNOW) has launched the Retail Data Cloud, uniting its data platform with industry-specific datasets. This new offering allows retailers, manufacturers, and CPG vendors to collaborate and drive innovation using their data. The platform enhances business agility by integrating data from various sources and optimizing operations through elastic performance. With over 1,000 customers, including 84.51°, Albertsons, Kraft Heinz, and Rakuten, Snowflake aims to empower businesses to deliver personalized customer experiences and streamline data governance.
Snowflake has launched the Healthcare & Life Sciences Data Cloud, aimed at enhancing patient outcomes and operational efficiency for healthcare organizations. The platform enables secure integration and exchange of critical data, addressing challenges posed by legacy systems and regulatory compliance. Prominent clients like Anthem and Novartis are already leveraging this innovative solution. Snowflake's offerings promise faster data access and improved collaboration across the healthcare ecosystem, positioning it as a vital tool amid increasing healthcare data demands.
Snowflake (NYSE: SNOW) announced a definitive agreement to acquire Streamlit, a framework designed to simplify and accelerate data application development. This strategic move aims to enhance collaboration between developers and data scientists by providing easier access to data while maintaining high governance standards. The acquisition, subject to regulatory approvals, is expected to unlock significant potential for data-driven applications, benefiting both Snowflake's and Streamlit's user communities.
Snowflake (NYSE: SNOW) reported financial results for Q4 and full-year fiscal 2022, achieving product revenue of $359.6 million, up 102% year-over-year. Total revenue reached $383.8 million, also reflecting 101% growth. Remaining performance obligations grew 99% to $2.6 billion, with a notable net revenue retention rate of 178%. The company ended the year with 5,944 customers and 184 generating over $1 million in revenue. For fiscal 2023, Snowflake anticipates product revenue between $1.88 - $1.90 billion, representing 65-67% growth.
Snowflake (NYSE: SNOW) announced that CFO Mike Scarpelli will present at two upcoming investor conferences. The first is the JMP Securities Technology Conference on March 7 at 11:30 a.m. PT, followed by the Morgan Stanley Technology, Media & Telecom Conference on March 8, also at 11:30 a.m. PT. Webcasts of both events will be available on Snowflake's investor relations webpage. Snowflake's Data Cloud enables organizations to manage and analyze their data from various sources securely. Over 223 of the 2021 Fortune 500 companies utilize Snowflake's services.
Snowflake (NYSE: SNOW) has been recognized as an Overall Leader in Customer Experience and Vendor Credibility in the 2022 Wisdom of Crowds Analytical Data Infrastructure (ADI) Market Study by Dresner Advisory Services. Impressively, 100% of surveyed customers recommend Snowflake, marking the fifth consecutive year of this achievement. The report highlights Snowflake's superior performance across all metrics, particularly in scalability, usability, and ease of installation. The recognition underscores Snowflake's commitment to customer-centric innovation and delivering exceptional data solutions.
Snowflake (NYSE: SNOW) announced it will release its financial results for Q4 and full year fiscal 2022 on March 2, 2022. The results will cover the period ending January 31, 2021. Following the release, a conference call will take place at 3 p.m. Mountain Time to discuss the financial performance. Investors can register for the call online, with an audio replay available afterward for 30 days. Snowflake's Data Cloud service is utilized by numerous organizations, including 223 of the 2021 Fortune 500 companies, emphasizing its significant market presence.
Snowflake (NYSE: SNOW) announces its compliance with the International Traffic in Arms Regulations (ITAR), ensuring secure data handling for defense-related articles. This compliance supports agencies in managing sensitive data while meeting regulatory requirements. An independent assessment of Microsoft Azure Government and AWS GovCloud deployments verifies this attestation. Snowflake's Data Cloud facilitates collaboration across public sector agencies, enhancing data accessibility and innovation. This commitment underscores Snowflake's dedication to serving public sector clients effectively.
In Amp It Up: Leading for Hypergrowth with High Expectations, Urgency, and Intensity, Frank Slootman, CEO of Snowflake (NYSE: SNOW), highlights transformative leadership strategies for exponential growth. Published by Wiley on January 19, 2022, the book outlines five crucial steps for organizational growth: raising standards, aligning teams, sharpening focus, increasing pace, and transforming strategy. Slootman emphasizes mission-driven leadership and execution over mere strategy, aiming to inspire leaders across various sectors to maximize their company’s potential.
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