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Jan 31, 2021
Snowflake Q4 2021 Earnings Report
Snowflake's Q4 2021 financial results were reported, showcasing substantial growth.
Key Takeaways
Snowflake reported a strong Q4 2021 with revenue of $190.5 million, representing a 117% year-over-year growth. Product revenue reached $178.3 million, a 116% increase year-over-year. The company's remaining performance obligations grew by 213% to $1.3 billion, and it now serves 4,139 total customers.
Total revenue reached $190.5 million, representing 117% year-over-year growth.
Product revenue amounted to $178.3 million, reflecting a 116% year-over-year increase.
Remaining performance obligations (RPO) increased to $1.3 billion, a 213% year-over-year growth.
Net revenue retention rate stood at 168% as of January 31, 2021.
Snowflake
Snowflake
Snowflake Revenue by Segment
Revenue by Segment
Product Revenue
CapyFin.comProfessional Services Revenue
CapyFin.com Forward Guidance
Snowflake provided guidance for the first quarter and full year of fiscal 2022, including product revenue and operating loss estimates.
Positive Outlook
- The company anticipates continued growth in product revenue.
- Focus on improving operating efficiency.
- Continued expansion of global footprint.
- Customers rely on Snowflake Data Cloud to mobilize their data.
- Enable breakthrough data strategies.
Challenges Ahead
- Uncertainty regarding expenses that may be incurred in the future.
- Impact of employee stock transactions.
- Future fair market value of common stock.
- Future hiring and retention needs.
- Competitive and rapidly changing environment.
Revenue & Expenses
Visualization of income flow from segment revenue to net income