| Market Capitalization (Millions $) |
57,388 |
| Shares
Outstanding (Millions) |
327 |
| Employees |
3,992 |
| Revenues (TTM) (Millions $) |
2,443 |
| Net Income (TTM) (Millions $) |
-1,251 |
| Cash Flow (TTM) (Millions $) |
-150 |
| Capital Exp. (TTM) (Millions $) |
84 |
Snowflake Inc
We envision a data-connected society in which businesses can easily discover, exchange, and unlock the value of data. To fulfill this ambition, we created the Data Cloud, a network where Snowflake customers, partners, data providers, and data consumers can securely, controlled, and compliantly break down data silos and gain value from constantly rising data volumes.
Our platform is the innovative technology that powers the Data Cloud, enabling customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data. We provide our platform through a customer-centric, consumption-based business model, only charging customers for the resources they use.
Snowflake solves the decades-old problem of data silos and data governance. Leveraging the elasticity and performance of the public cloud, our platform enables customers to unify and query data to support a wide variety of use cases. It also provides frictionless and governed data access so users can securely share data inside and outside of their organizations, generally without copying or moving the underlying data. As a result, customers can blend existing data with new data for broader context, augment data science efforts, and create new monetization streams. Delivered as a service, our platform requires near-zero maintenance, enabling customers to focus on deriving value from their data rather than managing infrastructure.
Our cloud-native architecture consists of three independently scalable but logically integrated layers across storage, compute, and cloud services. The storage layer ingests massive amounts and varieties of structured, semi-structured, and unstructured data to create a unified data record. The compute layer provides dedicated resources to enable users to simultaneously access common data sets for many use cases with minimal latency. The cloud services layer intelligently optimizes each use case's performance requirements with no administration. This architecture is built on three major public clouds across 31 regional deployments around the world. These deployments are generally interconnected to deliver the Data Cloud, enabling a consistent, global user experience.
Our platform supports a wide range of workloads that enable our customers' most important business objectives, including data warehousing, data lakes, data engineering, data science, data application development, and data sharing. From January 1, 2022 to January 31, 2022, we processed an average of over 1,496 million daily queries across all of our customer accounts, up from an average of over 777 million daily queries during the corresponding month of the prior fiscal year. We also recently launched our Powered by Snowflake program to help companies build, operate, and grow applications in the Data Cloud by supporting developers across all stages of the application journey. Members of the program have access to go-to-market, customer support, and engineering expertise.
We have an industry-vertical focus, which allows us to go to market with tailored business solutions. For example, we have launched the Financial Services Data Cloud, the Media Data Cloud, the Healthcare and Life Sciences Data Cloud, and the Retail Data Cloud. Each of these Data Clouds brings together Snowflake's platform capabilities with industry-specific partner solutions and datasets to drive business growth and deliver improved experiences and insights.
Our business benefits from powerful network effects. The Data Cloud will continue to grow as organizations move their siloed data from cloud-based repositories and on-premises data centers to the Data Cloud. The more customers adopt our platform, the more data can be exchanged with other Snowflake customers, partners, data providers, and data consumers, enhancing the value of our platform for all users. We believe this network effect will help us drive our vision of the Data Cloud.
Our platform is built on a cloud-native architecture that leverages the massive scalability and performance of the public cloud. Our platform allows customers to consolidate data into a single source of truth to drive meaningful business insights, power applications, and share data across regions and public clouds. Key elements of our platform include:
'Diverse data types. Our platform integrates and optimizes structured, semi-structured, and unstructured data, while maintaining performance and flexibility.
Massive scalability of data volumes. Our platform leverages the scalability and performance of the public cloud to support growing data sets without sacrificing performance.
Multiple use cases and users simultaneously. Our platform makes compute resources dynamically available to address the demand of as many users and use cases as needed. Because the storage layer is independent of compute, the data is centralized and simultaneously accessible by many users without compromising performance or data integrity.
Optimized price-performance. Our platform uses advanced optimizations to efficiently access only the data required to deliver the desired results. It delivers speed without the need for tuning or the expense of manually organizing data prior to use. Organizations can adjust their consumption to precisely match their needs, always optimizing for price-performance.
Easy to use. Our platform can be up and running in seconds and is priced based on a consumption-based business model, reducing hidden costs and ensuring customers pay only for what they use. Snowpark, our developer framework, allows developers to interact with Snowflake through various popular programming languages. This, combined with our familiar SQL-based programming model and query language, provides choice for organizations and saves time and costs to learn new skills or hire specialized analysts or data scientists.
Delivered as a service with no overhead. Our platform is delivered as a service, eliminating the cost, time, and resources associated with managing underlying infrastructure. We deliver automated platform updates regularly with minimal planned downtime, eliminating expensive and time-consuming version and patch management. This gives customers the ability to consume more data at a lower total cost of ownership compared with other solutions.
Multi-cloud and multi-region. Our platform is available on three major public clouds across 31 regional deployments around the world. These deployments are generally interconnected to provide a global and consistent user experience.
Seamless and secure data sharing. Our platform enables governed and secure sharing of live data within an organization and externally across customers and partners, generally without copying or moving the underlying data. When sharing data across regions and public clouds, our platform allows customers to easily replicate data and maintain a single source of truth.
Company Address: Suite 3A Bozeman 59715 MT
Company Phone Number: 766-9355 Stock Exchange / Ticker: NYSE SNOW
| SNOW is expected to report next financial results on March 28, 2024. |
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3.12% 