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) announced impressive financial results for Q3 FY2022, ending October 31, 2021. Product revenue reached $312.5 million, marking a 110% year-over-year growth. Remaining performance obligations grew to $1.8 billion, a 94% increase. The net revenue retention rate was a robust 173%. Snowflake served 5,416 total customers, with 148 customers generating over $1 million in product revenue over the past year. The company anticipates Q4 product revenue between $345-350 million, indicating 94-96% growth.
Snowflake (NYSE: SNOW) has announced new product capabilities aimed at enhancing its Data Cloud platform. Key innovations include improved cross-cloud account replication, a 55% boost in replication performance, and expanded governance features. Additionally, the launch of Snowpark for Python is designed to accelerate data science and engineering workflows. Snowflake's Data Marketplace is also witnessing significant growth, with a 32% increase in data listings and major partners like ZoomInfo realizing $1M in annual contract value growth within weeks of joining.
Snowflake has announced native support for Python in its Snowpark developer framework, enhancing productivity and performance for data scientists and engineers. This integration allows Python users to access Snowflake's platform while leveraging its security features and governance. The partnership with Anaconda provides seamless access to popular Python libraries without manual installations. Snowpark facilitates innovation, optimizes development time, and improves data security by running code in a secure environment. The update marks a significant step in Snowflake's evolution in the data cloud space.
ThoughtSpot has launched ThoughtSpot Data Workspace, enhancing analytics for data professionals through streamlined data management and live analytics. The introduction of SpotApps allows for quick deployment of tailored analytics applications across platforms like Salesforce (CRM), ServiceNow (NOW), and Snowflake (SNOW). The company also secured
Snowflake (NYSE: SNOW) announces the release of its third-quarter fiscal 2022 financial results, ending October 31, 2021. The results will be disclosed following the U.S. market close on December 1, 2021, followed by a conference call at 2 p.m. Pacific Time. Participants can register in advance for the call through the company’s Investor Relations website. This event allows investors to gain insights into Snowflake's performance as it continues to attract a diverse customer base, including 212 of the Fortune 500.
Snowflake has launched the Media Data Cloud, a platform aimed at enhancing data collaboration within the media and advertising sectors. This platform allows businesses to securely share and analyze data, empowering marketers and publishers with crucial identity insights and campaign measurement capabilities.
Industry leaders such as AWS and Disney are already utilizing this technology, which emphasizes privacy and governance. The Media Data Cloud supports various applications enabling real-time insights while maintaining data integrity, making it a significant advancement in advertising technology.
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Snowflake (NYSE: SNOW) announced the commencement of its Global Startup Challenge at the annual BUILD Summit. This initiative invites startups with under $5M in funding to develop data applications leveraging Snowflake's Data Cloud. Three finalists will compete for a chance at total investments of up to $1M and global marketing exposure. Applications are open from October 4, 2021 to March 1, 2022, with winners announced during the Snowflake Summit in Summer 2022.
Snowflake (NYSE: SNOW) and Citi (NYSE: C) have launched a strategic initiative to enhance data management in financial services. This collaboration will leverage Snowflake's Data Cloud to streamline post-trade processes, enabling organizations to mitigate risks and drive innovation. The partnership combines Snowflake's secure data sharing capabilities with Citi's extensive market expertise, providing unique solutions for data models and client needs across the industry. This initiative aims to redefine the data experience for financial services, improving transaction workflows significantly.
Snowflake (NYSE: SNOW) has achieved a significant milestone by being the first cloud platform to undergo an assessment by KPMG on the 14 Key Cloud Controls for protecting sensitive data. This assessment supports the EDM Council's Cloud Data Management Capabilities Framework, aimed at aiding financial services and other industries in data migration to the Cloud. The initiative underscores Snowflake's commitment to providing standardized data management practices, helping clients streamline compliance and enhance security during their data transitions.
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