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

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

Snowflake Inc. filing history →

Source: SEC EDGAR

accession 0001640147-23-000073

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