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Jan 31, 2023
Snowflake Q4 2023 Earnings Report
Snowflake's Q4 2023 earnings showcased strong revenue growth and customer retention, alongside strategic investments in technology.
Key Takeaways
Snowflake reported a total revenue of $589.0 million, representing a 53% year-over-year growth. Product revenue was $555.3 million, a 54% increase year-over-year. The company's remaining performance obligations (RPO) reached $3.7 billion, up 38% year-over-year, and the net revenue retention rate stood at 158%.
Total revenue reached $589.0 million, up 53% year-over-year.
Product revenue grew to $555.3 million, marking a 54% year-over-year increase.
Remaining performance obligations (RPO) increased to $3.7 billion, a 38% year-over-year growth.
Net revenue retention rate was 158%.
Revenue by Segment
Forward Guidance
Snowflake provided guidance for the first quarter and full year of fiscal 2024, including expectations for product revenue growth and profitability.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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