Snowflake Financial Results: A Comprehensive Overview
Earnings Reports and Release Dates
Snowflake releases its financial results quarterly and annually. The company's most recent financial report was for the first quarter of fiscal 2024, released on August 13, 2024.
Snowflake's next earnings release is scheduled for August 21, 2024, for the second quarter of fiscal 2024.
Revenue and Earnings
Snowflake's revenue for the first quarter of fiscal 2024 was $546 million, a 75% increase from the same quarter last year. The company's net income was $128 million, a 91% increase from the same period last year.
Snowflake's revenue and earnings have grown significantly in recent years. In fiscal 2022, the company's revenue was $1.3 billion, a 58% increase from fiscal 2021. Its net income was $307 million, a 72% increase from fiscal 2021.
Business Outlook
Snowflake's business outlook is positive. The company expects to continue growing its revenue and earnings in the future. Snowflake is investing heavily in new products and services, and it is expanding into new markets.
Snowflake is well-positioned to capitalize on the growing demand for data cloud solutions. The company has a strong financial foundation and a track record of innovation.
