Snowflake Q1 product revenue $590M (+50% YoY); appoints Steve Burke to board

Snowflake Inc.

2024-Q1 EPS reported -$0.70 revenue$623,599,000

Product revenue $590.1M, +50% YoY; total revenue $623.6M, +48% YoY.
373 customers with >$1M trailing product revenue; net revenue retention 151%.
GAAP operating loss $273.2M (44% margin); adjusted free cash flow $286.9M.
Remaining performance obligations $3.4B, up 31% YoY.
Board: Steve Burke (ex-NBCUniversal CEO) appointed; John McMahon to step down July 5.

item 2.02 item 5.02 item 9.01

Executive movements

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Appointed

Stephen B. Burke

Director

SNOW · Snowflake Inc.

Effective: 2023-05-23
Filed: May 24, 2023, 7:59 PM ET

appointed Stephen B. Burke as a Class I director whose term will expire at the Company’s 2024 annual meeting of stockholders, effective immediately.

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 first quarter of fiscal 2024 results: revenue $623.6 million.

Period: first quarter of fiscal 2024
Revenue: $623.6 million
Result: reported results

Exact text from the filing

Snowflake (NYSE: SNOW), the Data Cloud company, today announced financial results for its first quarter of fiscal 2024, ended April 30, 2023. Revenue for the quarter was $623.6 million, representing 48% year-over-year growth.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Stephen B. Burke was appointed as Director at Snowflake Inc..

Action: appointed
Role: Director

Exact text from the filing

appointed Stephen B. Burke as a Class I director whose term will expire at the Company’s 2024 annual meeting of stockholders, effective immediately.

View on SEC.gov

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Snowflake Inc. filing history →

Source: SEC EDGAR

accession 0001640147-23-000073

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