Snowflake Reports Q2 Non-GAAP EPS and Revenue Beats
Snowflake Inc. (NYSE: SNOW) reported second-quarter financial results that exceeded expectations, with a non-GAAP earnings per share of $0.62, surpassing estimates by $0.17. The company also generated revenue of $1.55 billion in the quarter, which beat forecasts by $70 million and marked 36% year-over-year growth. Product revenue reached $1.49 billion during Q2, reflecting a 37% increase compared to last year. Additionally, Snowflake reported a net revenue retention rate of 126%, indicating strong customer satisfaction and recurring business from existing clients.
Tickers: $SNOW
Topics: Earnings Non-GAAP EPS Revenue Growth