Snowflake Q4 product rev $555M (+54% YoY); FY product rev $1.9B (+70%); $2B buyback authorized

Snowflake Inc.

2023-FY EPS reported -$2.50 revenue$2,065,659,000

Q4 product revenue $555.3M (+54% YoY); total revenue $589.0M (+53% YoY).
Remaining performance obligations $3.7B (+38% YoY); net revenue retention rate 158%.
7,828 total customers; 330 customers with >$1M trailing 12-month product revenue.
Full-year product revenue $1.9B (+70% YoY); non-GAAP adjusted FCF margin 25%.
Board authorized $2.0B stock repurchase program; CEO reiterates $10B product revenue goal for FY2029.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Snowflake Inc. reported the fourth quarter of fiscal 2023 ended January 31, 2023 results: revenue $589.0 million.

Period: the fourth quarter of fiscal 2023 ended January 31, 2023
Revenue: $589.0 million
Result: reported results

Exact text from the filing

Revenue for the quarter was $589.0 million, representing 53% year-over-year growth.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Snowflake Inc. reported financial results for full-year of fiscal 2023 ended January 31, 2023.

Period: full-year of fiscal 2023 ended January 31, 2023
Result: reported results

Exact text from the filing

Snowflake finished fiscal 2023 with 70% year-over-year product revenue growth, totaling $1.9 billion.

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39 earnings releases filed in the last 30 days. Browse all earnings releases →

Snowflake Inc. filing history →

Source: SEC EDGAR

accession 0001640147-23-000004

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