Snowflake beats by $0.09, beats on revs, product revenue up 34%, well above its guidance, guides for Q4 product revenue growth of 29-30% (175.47 +3.92)
- Reports Q3 (Oct) earnings of $0.25 per share, $0.09 better than the FactSet Consensus of $0.16; revenues rose 31.8% year/year to $734.2 mln vs the $713.75 mln FactSet Consensus.
- Non-GAAP operating margin of 10%.
- Product revenue of $698.5 mln, up 34%, and well above its guidance of $670-$675 mln.
- Net revenue retention rate of 135%.
- Guides for Q4 product revenue of $716-$721 mln, representing yr/yr growth of 29-30%. Guides for Q4 non-GAAP operating margin of 4%.