Snowflake Q2 product rev $640M (+37% YoY); severance plan amended for CEO/CFO

Snowflake Inc.

2024-Q2 EPS reported -$1.39 revenue$1,297,617,000

Product revenue $640.2M (+37% YoY); 402 customers with >$1M trailing product rev (+62% YoY).
Net revenue retention 142%; remaining performance obligations $3.5B (+30% YoY).
GAAP operating loss $285.4M; non-GAAP operating income $54.2M; adjusted free cash flow $88.2M.
Confirmatory offer letters executed for CEO, CFO, CRO, President, and two SVPs with 3-year terms.
CEO/CFO new equity awards after Aug 22, 2023 will have double-trigger vesting, no single-trigger.

item 2.02 item 9.01 item 5.02

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Snowflake Inc. reported second quarter of fiscal 2024 results: revenue $674.0 million.

Period: second quarter of fiscal 2024
Revenue: $674.0 million
Result: reported results

Exact text from the filing

Revenue for the quarter was $674.0 million, representing 36% year-over-year growth.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Snowflake Inc. reported fiscal quarter ended July 31, 2023 results: revenue $674.0 million.

Period: fiscal quarter ended July 31, 2023
Revenue: $674.0 million
Result: reported results

Exact text from the filing

2023 - Snowflake (NYSE: SNOW), the Data Cloud company, today announced financial results for its second quarter of fiscal 2024, ended July 31, 2023. Revenue for the quarter was $674.0 million, representing 36% year-over-year growth. Product revenue for the quarter was $640.2 million, representing 37% year-over-year growth. The company now has 402 customers with

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Snowflake Inc. filing history →

Source: SEC EDGAR

accession 0001640147-23-000193

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