Snowflake's Q2 FY27 is out - total revenue $1.55b, up 35% YoY and ahead of the $1.48b street estimate. Product revenue, the number the company is actually judged on, rose 37% to $1.49b, and full-year product revenue guidance was raised to $6.07b.
The other side of it: a GAAP net loss for the quarter, and remaining performance obligations that slipped from last quarter even as the top line accelerated.
We went through the filing line by line:
→ Full breakdown: https://marketchacha.com/post/bcaya7
This article is for educational and informational purposes only. It is not financial advice, investment recommendation, or a solicitation to buy or sell securities. Investing involves significant risks. I am not a SEBI-registered investment advisor. Readers should consult their own financial advisor and conduct their own research before making any investment decisions.
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