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SNOWFLAKE INC
+4.19%
closure:0
opening:153.19
High:161.98
low:153.19
cycle:—
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Registering revenues in the second quarter of 497 million dollars, growth of 82% from the corresponding quarter, above analysts’ forecasts for 468 million dollars, revenues from the product stood at 466 million dollars. Snowflake managed to be operationally profitable by registering an operating profit of 18 million dollars, against the forecast that the analysts expected for a loss of 9 million dollars.
Deferred revenues came in below analysts’ expectations, about $1.1 billion, against an expectation of $1.22 billion, revenues for the next quarter also came in above analysts’ forecasts, with Snowflake predicting revenues of $503 million, reflecting 62% year-over-year growth, the expectation was $502 million .
In Snowflake’s full-year forecast, it expects product revenue to be $1.9 billion, with analysts expecting revenue of $1.89 billion, product revenue margin to be 75%, analysts expecting 74.6%, general operating margin to be 2%, And the free cash flow margin will be 17%, analysts expected 16.1%.
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