Snowflake Inc (NYSE:SNOW) shares are trading higher Thursday on the heels of the company’s second-quarter financial results. Several analysts also lowered price targets on the stock following the print.
Q2 Revenue: $868.823 million, versus estimates of $849.704 million
Q2 EPS: 18 cents, versus estimates of 16 cents
Total revenue was up 29% on a year-over-year basis, while product revenue totaled $829.3 million, up 30% year-over-year. Net revenue retention rate was 127% in the second quarter.
Remaining performance obligations came in at $5.2 billion, up 48% year-over-year. Snowflake noted that it ended the quarter ...
