snowflake stock

Snowflake stock

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Snowflake, Inc. This includes the Data Cloud, an ecosystem where Snowflake customers, partners, data providers, and data consumers can break down data silos and derive value from rapidly growing data sets in secure, governed, and compliant ways. Its platform supports a range of use cases, including data warehousing, data lakes, data engineering, data science, data application development, and data sharing. The cloud-native architecture consists of three independently scalable layers across storage, compute, and cloud services. The storage layer ingests massive amounts and varieties of structured and semi-structured data to create a unified data record.

Snowflake stock

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Simply put, the company is enjoying unprecedented revenue growth for a software-as-a-service SaaS company. It also has a tech legend running the firm. With its focus on totally overhauling data management, Snowflake has the potential to be a true game-changer across the tech landscape. This solves many problems around having multiple databases, multiple user authentication schemes, and various security and compliance problems that come with a cobbled-together data network. By contrast, with Snowflake, administrators set up just one unified cloud data network, and can run all their data analysis, processing, science, sharing, etc. Snowflake also has strong network effects because it allows customers to share data seamlessly with other Snowflake clients. What makes Snowflake unique?

Snowflake stock

Just eight months later, Slootman has announced he is retiring, effective immediately. His replacement is Google ad exec Sridhar Ramaswamy. Business Insider asked Snowflake what had changed between June and now in terms of Slootman's plans to depart. The company declined to comment.

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Your Ad Choices. Operating expense Represents the total incurred expenses through normal operations. All Rights Reserved. Earnings per share. FTSE Measures how much net income or profit is generated as a percentage of revenue. Data Policy. Private Companies Loading Real Time Quote. Source: FactSet. Other News Press Releases. Shares outstanding. Last Updated: Feb 26, p. Overview page represent trading in all U. Crude Oil.

Snowflake, Inc. This includes the Data Cloud, an ecosystem where Snowflake customers, partners, data providers, and data consumers can break down data silos and derive value from rapidly growing data sets in secure, governed, and compliant ways. Its platform supports a range of use cases, including data warehousing, data lakes, data engineering, data science, data application development, and data sharing.

ET by Jamie Chisholm. Its platform supports a range of use cases, including data warehousing, data Measures how much net income or profit is generated as a percentage of revenue. Snowflake Inc. Source: FactSet. Net cash used or generated in financing activities such as dividend payments and loans. Cash from financing Net cash used or generated in financing activities such as dividend payments and loans. A valuation method that multiplies the price of a company's stock by the total number of outstanding shares. Earnings before interest, taxes, depreciation, and amortization, is a measure of a company's overall financial performance and is used as an alternative to net income in some circumstances. Symbols Loading CAC ET on InvestorPlace.

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