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00:02Snowflake posted adjusted earnings of $0.39 per share and revenue of $1.39 billion in the
00:09first quarter of fiscal 2027, beating analyst estimates of $0.32 per share and $1.32 billion
00:16according to Benzinga Pro. Total revenue rose 33% year over year, with product revenue reaching
00:24$1.33 billion, up 34%. The company ended the quarter with 779 customers generating more
00:32than $1 million in trailing 12-month product revenue and held $2.08 billion in cash.
00:38Remaining performance obligations totaled $9.21 billion, up 38%.
00:44For the second quarter, Snowflake expects product revenue of $1.415 billion to $1.42 billion.
00:51The company announced a $6 billion multi-year infrastructure commitment to Amazon Web Services
00:57and a deal to acquire Natoma, an enterprise AI platform.
01:01Shares rose by 38.08% at in Thursday's pre-market trading, according to Benzinga Pro.
01:08For all things money, visit Benzinga.com.
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