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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%.
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 2024, including expectations for product revenue growth and profitability.
Revenue & Expenses
Visualization of income flow from segment revenue to net income