Snowflake Inc.


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Snowflake Inc. managed to exceed analyst expectations in terms of revenue as well as earnings. In Q3, the company achieved a remarkable 34% year-over-year growth in product revenue, reaching an impressive $698 million. Snowflake’s revenue diversification across industries and geographies is evident, with a growing share originating from mainstream enterprises and institutions. Under Snowflake’s strategic direction, the evolving landscape of generative AI is steering conversations toward a renewed emphasis on data strategy. Snowflake unveiled a suite of innovative technologies, including Snowflake Cortex, which facilitates the application of AI and machine learning on the Snowflake platform. This managed service enables the inference of large language models, offering direct access to models and specialized operations. Their continuous innovation is evident in the 47% quarter-over-quarter growth in Snowpark consumption. The adoption of Snowflake for processing unstructured data surged by 17x year-over-year, reflecting the platform’s versatility. New capabilities set to be available in Q4, such as the native apps framework, Unistore for transaction processing, Snowpark Container Services, and Apache Iceberg Tables, promise substantial workload expansion opportunities. The company further acquired Ponder, a company that specializes in connecting popular data science libraries with data storage locations, to enhance Python data practitioners’ capabilities.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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