Snowflake Q1 Earnings: Revenue, EPS Beat Estimates, AI Data Cloud Company Sees 25% Growth Ahead

Benzinga

Snowflake Inc. reported better-than-expected first-quarter results Wednesday, according to Benzinga. Revenue rose 26% year-over-year to $1.04 billion and adjusted earnings reached $0.24 per share, beating analyst expectations, according to Benzinga Pro. CEO Sridhar Ramaswamy emphasized Snowflake’s ease of use, secure data access, and enterprise-grade performance as key differentiators driving its growth and appeal. Snowflake projects full-year product revenue of $4.33 billion, up 25% year-over-year. Shares rose 7.41% in after-hours trading.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Snowflake reported better than expected first quarter results Wednesday, according to Benzinga.

00:06Revenue rose 26% year-over-year to $1.04 billion,

00:10and adjusted earnings reached $0.24 per share,

00:12beating analysts' expectations, according to Benzinga Pro.

00:14CEO Sridhar Ramaswamy emphasized Snowflake's ease-of-use, secure data access,

00:19and enterprise-grade performance as key differentiators, driving its growth and appeal.

00:24Snowflake projects full-year product revenue of $4.33 billion, up 25% year-over-year.

00:28Shares rose 7.41% in after-hours trading.

00:32For all things money, visit Benzinga.com slash GSTV.

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