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.
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Snowflake (NYSE: SNOW) reported a strong third quarter of fiscal 2021, ending October 31, 2020, with total revenue of $159.6 million, reflecting 119% year-over-year growth. Product revenue reached $148.5 million (115% YoY growth), and remaining performance obligations soared to $927.9 million (240% YoY growth). The net revenue retention rate was an impressive 162%. Despite a GAAP operating loss of $169.5 million and free cash flow usage of $37.9 million, the company's customer base grew to 3,554, with 65 customers generating over $1 million in product revenue.
Snowflake has launched its inaugural global Startup Challenge, encouraging early-stage organizations to innovate within the Snowflake Data Cloud. Participants will submit their applications for a chance to be one of three finalists, who will pitch at the Snowflake Summit in Summer 2021. The winner could secure up to $250,000 in investment and gain access to a global network. This initiative is set to showcase the innovative potential of startups while allowing them to utilize Snowflake’s resources to accelerate their data application development.
Snowflake (NYSE: SNOW) has announced significant updates to its Data Cloud, enhancing customer value through new features. These include Snowpark, which streamlines developer experience, Data Services on Snowflake Data Marketplace that allows live access to third-party data sets, and support for unstructured data management. Additionally, customers can implement Row Access Policies to improve data governance. These innovations aim to eliminate data silos and drive better business outcomes.
Snowflake (NYSE: SNOW) will release its Q3 fiscal year 2021 financial results on December 2, 2020, after U.S. market close. The company will host a conference call at 2 p.m. Pacific Time to discuss these results. Investors can register for the call via the provided link, which will also be available for live webcast on Snowflake's Investor Relations website. An audio replay of the conference call will be accessible for 30 days post-event.
Snowflake has achieved HITRUST CSF Certified status for its Cloud Data Platform, demonstrating compliance with key regulations for managing sensitive information risk. This certification positions Snowflake among an elite group of organizations globally recognized for information security excellence. Todd Crosslin, Head of Healthcare Strategy at Snowflake, emphasized the company's commitment to protecting customer data, especially in the healthcare sector. HITRUST's certification provides added confidence for customers managing compliance in the cloud environment.