Snowflake Inc (NASDAQ:SNOW) reported second-quarter financial results that topped analyst expectations after the market close on Wednesday. Here’s a look at the key highlights from the quarter.
Q2 Earnings: Snowflake reported second-quarter revenue of $868.823 million, beating the consensus estimate of $849.704 million, according to Benzinga Pro.
The data cloud company reported adjusted earnings of 18 cents per share, beating analyst estimates of 16 cents per share.
Total revenue was up 29% year-over-year. Product revenue came in at $829.3 million, up 30% year-over-year. Net revenue retention rate was 127% in the quarter.
Remaining performance obligations ...
