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. develops the AI Data Cloud, a cloud-native platform used by enterprises to build, use and share data, applications and AI across governed data environments. Company news commonly covers financial results, product revenue trends, customer adoption, platform expansion and go-to-market execution.
Recurring updates include AI and data-product announcements tied to Snowflake Intelligence, Cortex Code and Project SnowWork; customer and industry research on generative and agentic AI; user-conference developments; and leadership changes affecting revenue, sales and governance roles. Snowflake’s disclosures also emphasize data sharing, interoperability, security and governance as operating themes within its enterprise software platform.
Snowflake (NYSE: SNOW) has announced enhanced support for Apache Iceberg™ tables, combining open format flexibility with enterprise-grade performance. The innovation allows organizations to manage their data in an open, interoperable format while leveraging Snowflake's platform capabilities.
Key features include:
- Lakehouse Analytics with the same compute engine as Snowflake's native format
- Search Optimization Service and Query Acceleration Service for Iceberg tables
- Comprehensive security and governance with built-in business continuity
- Secure data sharing technology extended to Iceberg tables
Notable customers implementing these innovations include Illumina, Komodo Health, Medidata, and WHOOP. Snowflake's commitment to open source is evidenced by 35% of its acquisitions over the last four years being companies that strengthen open data ecosystems.
Snowflake (NYSE: SNOW) has appointed Mike Gannon as its new Chief Revenue Officer, effective March 14, 2025, following the retirement announcement of current CRO Chris Degnan. Gannon, who previously served as President of Americas Sales at VMware by Broadcom, brings a decade of experience leading high-caliber sales teams in competitive markets.
Chris Degnan, Snowflake's first salesperson, helped grow the company to $3.4 billion in revenue in the last fiscal year. At VMware, Gannon was responsible for integrating GTM functions into Broadcom and incorporating the Professional Services team. His prior experience includes sales leadership roles at EMC and Isilon Systems.
Snowflake (NYSE: SNOW) has announced its seventh-annual user conference, Snowflake Summit 2025, scheduled for June 2-5, 2025, in San Francisco. The event will feature a headline fireside chat between OpenAI CEO Sam Altman and Snowflake CEO Sridhar Ramaswamy discussing AI and data innovation.
The conference, positioned as the premier event for data, AI, and applications, will be Snowflake's largest user conference to date, featuring:
- Over 500 breakout sessions across 15 tracks
- 200 on-site partners
- 36 hands-on labs
- Three major keynotes
- Seven industry-specific AI Data Cloud sessions
The event will showcase how enterprises can leverage Snowflake's trusted data platform for AI-driven innovation, offering technical certifications, platform demonstrations, and the Snowflake Startup Challenge finale with up to $1M in potential investment opportunities.
Prodapt has launched OneFibreData, a new application powered by Snowflake (SNOW) designed for fibre broadband providers. The solution integrates data from multiple sources including cloud, on-premises, and APIs to create scalable data ecosystems.
The application promises to generate insights 2x faster, enabling more efficient operations and improved customer experiences. Key features include faster data mart development, simplified querying, and enhanced reporting & visualization capabilities, setting the foundation for actionable data analytics and AI workflows.
CityFibre's Director of Information Architecture highlighted that the solution enables AI deployment at scale earlier than expected. The platform leverages Snowflake's Data Cloud platform combined with Prodapt's system integration expertise, particularly beneficial for Telecom operators with multi-geo, multi-cloud environments.
Snowflake (NYSE: SNOW) has announced major AI initiatives including the opening of a Silicon Valley AI Hub in Menlo Park, a 30,000 square foot space set to launch in Summer 2025. The facility will serve as a collaboration center for developers, startups, and business leaders in the AI ecosystem.
The company unveiled three significant investments:
- The new AI Hub featuring startup spaces, event areas, training rooms, and executive facilities
- Up to $200 million investment in next-gen startups through the Snowflake Startup Accelerator Program
- $20 million commitment toward AI upskilling through the One Million Minds + One Platform program, aiming to train 100,000 users by 2027 and upskill one million people by 2029
Additionally, AWS has committed to provide up to $1 million in free Snowflake credits over four years to support startups building applications on Snowflake's platform. Currently, over 4,000 global companies utilize Snowflake's AI/ML capabilities in the AI Data Cloud.
Snowflake (NYSE: SNOW) has expanded its strategic partnership with Microsoft to integrate Azure OpenAI Service into Snowflake Cortex AI. This integration will enable enterprises to build AI-powered applications and data agents using OpenAI's models directly within Snowflake's secure platform.
The partnership includes two key developments: (1) OpenAI's models will be available through Azure AI Foundry in select U.S. Azure regions, with plans for global expansion, and (2) Snowflake Cortex Agents will be integrated with Microsoft 365 Copilot and Teams, with general availability expected in June 2025.
The integration provides enterprise customers with secure access to OpenAI's models within Snowflake's governance framework, allowing for cross-region and cross-cloud AI inference without complex setup. The solution addresses key enterprise concerns, as 59% of companies cite data governance, security, or privacy as challenges in deploying generative AI.
Snowflake (NYSE: SNOW) reported strong Q4 FY2025 financial results with product revenue of $943.3 million, up 28% year-over-year. Total revenue reached $986.8 million, representing 27% growth. The company maintained a robust net revenue retention rate of 126%.
Key metrics showcase significant customer growth, with 580 customers generating trailing 12-month product revenue exceeding $1 million (27% YoY growth) and 745 Forbes Global 2000 customers (5% YoY growth). Remaining performance obligations stood at $6.9 billion, marking a 33% year-over-year increase.
JPXI and Snowflake (NYSE: SNOW) have announced a priority partnership to distribute Japan's financial market data through Snowflake's platform. The collaboration is supported by J-LAKE, Japan Exchange Group's integrated data services platform launched in January 2025.
The partnership aims to improve market participants' access to JPXI's data offerings and enable cost-effective data analysis environments. Through J-LAKE, JPXI will conduct multifaceted analysis and develop new services to meet diverse client needs. The initial data sets are planned for release before the end of March 2025.
JPXI, established in 2022 as a subsidiary of Japan Exchange Group, will leverage this partnership to expand its data products' reach while creating new value through the J-LAKE platform. The collaboration combines JPXI's comprehensive data offerings with Snowflake's AI Data Cloud capabilities to enhance accessibility and efficiency for market participants.
Snowflake (NYSE: SNOW), the AI Data Cloud company, has announced its participation in two upcoming investor conferences. CEO Sridhar Ramaswamy will present at the Morgan Stanley TMT Conference on Monday, March 3rd, at 1:50 p.m. PT, while CFO Mike Scarpelli will speak at the Citizens JMP Securities Technology Conference on Tuesday, March 4th, at 10:30 a.m. PT.
Both presentations will be available via webcast on Snowflake's investor relations website at investors.snowflake.com. The webcasts will remain archived on the company's website for 30 days following the events.
Snowflake (NYSE: SNOW) has announced it will release its financial results for the fourth quarter and full year of fiscal 2025 after U.S. markets close on Wednesday, February 26, 2025. The company will host a conference call at 3 p.m. Mountain Time on the same day to discuss the results.
Investors can join the call by dialing (833) 470-1428 with access code 180858. International participants can find their regional dial-in numbers on the company's website. The call will be webcast live on Snowflake's Investor Relations website, with an audio replay available for 30 days after the event.