Page 5 - ஸ்னோஃப்ளேக் தகவல்கள் மேகம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Snowflake Shares Jump on $311 Price Target From Evercore
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iTWire - Micro Focus announces Voltage SecureData integration with Snowflake to provide secure analytics with data privacy and protection
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Informatica Offers Partners Faster Development Capabilities, Advanced Training
At its Elevate partner conference this week the big data company also will debut a new consumption-based pricing model to help partners speed customers’ cloud migration projects. By Rick Whiting March 16, 2021, 09:31 AM EDT
Informatica is launching several partner-focused initiatives that the cloud data management software developer says will help partners – especially systems integrators with which the vendor is allied – accelerate customers’ cloud and digital transformation efforts.
The initiatives, being announced Tuesday at the start of Informatica’s Elevate Partner Summit, include new consumption-based pricing for customers, expanded training for partners, and new low-code/no-code application development that partners can bring to their cloud application development and modernization practices.
Snowflake beats revenue forecast but posts bigger loss than expected
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Cloud data warehouse firm Snowflake Inc. beat expectations today for its fiscal fourth-quarter revenue, but a larger-than-expected loss caused its stock to dive in after-hours trading before it recovered later.
The company reported a loss before certain costs such as stock compensation of 70 cents per share on revenue of $190.5 million, up 117% from the same period one year ago. Wall Street had forecast a loss of just 17 cents per share on lower revenue of $179 million.
Snowflake added that its product revenue in the quarter came to $178.3 million, above the $167 million estimate. However, it posted a net loss of $199 million, up from a loss of $83 million one year ago. For the full year, Snowflake’s product revenue jumped 120%, to $553.8 million.
Here s why Snowflake stock price gained despite a bigger-than-expected Q4 loss
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