Snowflake Overview
Company Snapshot
- Cloud Revenue (as of 01/31/2023):$555M
- Cloud Services:PaaS,IaaS
- CEO:Frank Slootman
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Cloud Wars Minute In the latest Cloud Wars Minute, Oracle leads the hottest growth companies with a 30% growth rate, hitting $4.6 billion in cloud revenue.
Cloud Wars Snowflake CEO Frank Slootman notes that business customers have shifted from extreme cost-cutting measures to a more confident outlook, resulting in improved spending on data technologies and cloud-based services.
Cloud Wars Minute New partnership combines Snowflake's data warehousing platform with Nvidia's GPUs to help businesses build generative AI applications with their proprietary data.
Cloud Wars Minute The Cloud Confidence Index uses market caps of top 10 cloud companies as a proxy for business leaders' confidence in their growth, reflecting customer demand and technology trends. The index is up slightly.
Cloud Wars In this Cloud Wars Top 10 course segment on Snowflake, gain insight into the data cloud and app dev innovations that earned Snowflake a spot in the rankings.
Cloud Wars Minute Bloomberg recently announced that its cloud-based data management solution is now driving a Snowflake-native app.
Cloud Wars In the Acceleration Economy Cloud Wars Top 10 course, discover how companies, including Celonis, achieve Cloud Wars Horizon designation.
Cloud Wars Get a preview of our Cloud Wars Top 10 course on how buying committees and C-level executives can use the cloud ranking to support purchase decisions.
Cloud Wars Get a preview of our Cloud Wars Top 10 course, which helps buying committees and C-level execs support purchase decisions by understanding each company's innovations and differentiators.
Cloud Wars Minute Snowflake and Microsoft are working together to optimize product integration, including support for generative AI in the Snowflake Data Cloud.
Cloud Wars At Snowflake Summit, the Cloud Data leader details innovations in LLMs, generative AI, and app development functionality.
Cloud Wars Minute Capital One just released its Slingshot solution, which aims to deliver on cost governance. Slingshot was built on Snowflake technology.
Cloud Wars Over the last three months, the Cloud Confidence Index (overall) was up by 23.3% for a total market cap of $6.51 trillion. Bob Evans reports which companies stood out.
Cloud Wars Minute In the last three months, the Cloud Confidence Index grew 23%. A few of the Cloud Wars Top 10 companies stood out, and Bob Evans explains why.
Cloud Wars Bob Evans breaks down the latest changes to the Cloud Wars Top 10 ranking, in which ServiceNow, Workday, and Google Cloud moved up.
Cloud Wars Minute In the latest Cloud Wars Top 10 ranking, ServiceNow and Workday have moved up, while Salesforce has dropped.
Cloud Wars By partnering with Blue Yonder, Snowflake is moving into the supply chain applications business, CEO Frank Slootman says.
Cloud Wars Minute Bob Evans evaluates Snowflake's move into the supply chain space as it partners with Blue Yonder for this "fantastic historical opportunity."
Cloud Wars Bob Evans recaps the comments on generative AI given by Snowflake CEO Frank Slootman on the company's most recent earnings call.
Cloud Wars Minute During the company's most recent earnings call, Snowflake CEO Frank Slootman expressed the company's desire to partake in the generative AI revolution.
CXO This guidebook covers how the Cloud Wars Top 10 companies are utilizing their partners ecosystems as a source of innovation, expertise, and growth.
Cloud Wars In this moment, Snowflake's Chief Revenue Officer Chris Degnan explains why industry-aligned partners are critical given Snowflake's industry verticals.
Cloud Wars Bob Evans shares highlights from his one-on-one conversation with Snowflake's Chief Revenue Officer Chris Degnan.
Cloud Wars Minute Bob Evans shares highlights from his one-on-one conversation with Snowflake's Chief Revenue Officer, Chris Degnan about its ecosystem.
Cloud Wars Bob Evans interviews Snowflake Chief Revenue Officer Chris Degnan as part of the lead up to the Partners Ecosystem digital event.
Cloud Wars Snowflake has joined the large number of other major cloud providers in revising growth estimates downward, writes Bob Evans.
Cloud Wars Minute Snowflake reported 70% growth in product revenue for FY23 and guidance for Q1 was 44.5%, explains Bob Evans in this episode.
Cloud Wars Bob Evans explains how Snowflake reveals the future of the cloud with its purpose-built, industry-specific Telecom Data Cloud.
Cloud Wars Minute Bob Evans describes how Snowflake is going full-force into the industry cloud business with the latest announcement around its Telecom Data Cloud.
Cloud Wars Snowflake CEO Frank Slootman explains how the company has grown beyond data warehousing and how the platform market has evolved.
Cloud Wars In this CEO Outlook moment, Snowflake CEO Frank Slootman explains how he approaches organizational change and setting priorities.
Cloud Wars In this Cloud Wars CEO Outlook moment, Snowflake CEO Frank Slootman explains the shifting balance from IT to the line of business.
Cloud Wars Minute In this Cloud Wars Minute, Bob Evans shares the salient points from his CEO Outlook Series conversation with Snowflake's CEO, Frank Slootman.
Cloud Wars Snowflake CEO Frank Slootman weighs in on his 2023 outlook, Snowflake's positioning with developers and business leaders, and protecting customers from the "wild west."
Cloud Wars Snowflake is growing through adoption by big companies that have FOMO, or a fear of missing out, on the data cloud, explains Bob Evans.
Cloud Wars Snowflake is leveraging its market-shaking data cloud innovations momentum into the red-hot applications-development space by helping customers deploy and monetize data-intensive applications directly into Snowflake's Data Cloud.
Cloud Wars Minute In this episode, Bob Evans highlights Snowflake's latest bold moves in the data cloud with application development.
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Snowflake
Snowflake was founded in 2012 to be a new type of data-warehousing company, and in recent years it has become much more than that. While markedly smaller than every other company on the Cloud Wars Top 10—Snowflake will likely finish calendar 2021 with revenue of just over $1 billion, while the other 9 will have average cloud revenue for the year of $27 billion—Snowflake has triggered massive disruptions across the entire cloud industry. It has done so by creating a new paradigm—the data cloud—and using modern architecture to overcome many of the constraints that business users have faced in trying to unleash the full potential of their data. And the Snowflake wake of disruption has not been merely technological or theoretical: for its fiscal Q4 ending Jan. 31, Snowflake’s product revenue soared 117% to $178 million. On top of that, Snowflake’s RPO (remaining performance obligation) jumped an astonishing 213% in that same period, providing powerful evidence that there’s plenty of steep growth still to come. Among Snowflake’s various high-impact innovations are these three:– taking a data-centric view to create a new type of cloud-native architecture;
– recognizing that the sharing of external data needs to be made as simple, safe and secure as the sharing of internal data; and
– adding a concerted and company-wide focus on vertical-industry specialization so it can help drive not only IT modernizations but also large-scale business transformations.