SNOW Stock Down 9% Yesterday, Snowflake Releases Q4 and Full Fiscal Year Earnings Report
Mar 4 2021 · 12:01 UTC | Updated
Mar 4 2021 · 13:09 by Benjamin Godfrey · 3 min read
Photo: Depositphotos
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In its earnings report, Snowflake also gave a projection of its anticipated performance for the fiscal 2022 financial year.
American cloud-based data-warehousing company Snowflake Inc (NYSE: SNOW) has released its earnings report for both the fourth quarter and the full 2021 fiscal year. According to the official press release, the firm reported product revenue of $178.3 million in the fourth quarter, representing 116% year-over-year growth.
With a total of 4,139 clients, Snowflake noted it had a revenue retention rate of 168% and that it has 77 customers with trailing 12-month product revenue greater than $1 million. Other key highlights for the company include revenue growth for the quarter coming in at $190.5 million, a 117%