FMP
May 23, 2024 2:34 PM - Davit Kirakosyan
Snowflake (NYSE:SNOW) kicked off the fiscal year with a strong performance, as its first-quarter revenue surpassed analyst expectations, leading to a 4% rise in its stock price in pre-market trading today.
The company reported quarterly revenue of $828.7 million, a 33% increase from the same period last year, and well above the Street estimate of $786.82 million.
Although the adjusted earnings per share (EPS) of $0.14 missed the analyst estimate of $0.18, investors were encouraged by the robust revenue growth, driven by a 34% year-over-year increase in product revenue, which reached nearly $790 million.
For the second quarter, Snowflake forecasts product revenue between $805 million and $810 million, exceeding the analysts' consensus of $785 million.
The company also revised its product revenue forecast for 2025 upward to $3.30 billion from the previous estimate of $3.25 billion. Snowflake reported a net revenue retention rate of 128%, indicating strong customer satisfaction and expanded usage. The customer base saw significant growth, with 485 customers now generating over $1 million in trailing 12-month product revenue, a 30% year-over-year increase.
Remaining performance obligations rose to $5.0 billion, a 46% year-over-year increase, suggesting strong future revenue potential. CEO Sridhar Ramaswamy credited the strong quarterly performance to the core business's strength and the growing interest in its AI products.
Oct 31, 2023 8:03 AM - Parth Sanghvi
Free cash flow to the firm (FCFF) and free cash flow to equity (FCFE) are two of the most important metrics used in financial modeling. Both metrics measure the amount of cash that is available to a company's shareholders and creditors, but there is a key difference between the two. FCFF measures...
Nov 25, 2023 6:39 AM - Parth Sanghvi
Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...
Dec 23, 2023 2:19 AM - Parth Sanghvi
Introduction: Discounted Cash Flow (DCF) analysis stands as a cornerstone in valuing investments, yet its efficacy is contingent upon various assumptions and methodologies. While a powerful tool, DCF analysis comes with inherent limitations and challenges that investors must acknowledge to make i...