Snowflake(US:SNOW) 贝塔投资智库·2025-08-29 04:03Core Viewpoint - Snowflake reported strong second-quarter performance, alleviating concerns about competition from new AI companies and economic slowdown, with a revenue increase of 32% year-over-year [2][6]. Group 1: Financial Performance - Snowflake's second-quarter revenue reached $1.144 billion, exceeding analyst expectations of $1.09 billion [2]. - The company reported a net loss of $298 million, translating to a loss of $0.89 per share, while the non-GAAP earnings were $0.35 per share, surpassing the expected $0.27 [2]. - For the fiscal year ending January, Snowflake projected product revenue of approximately $4.4 billion, a 27% increase from the previous year, exceeding the average analyst forecast of $4.34 billion [2]. Group 2: Market Position and Competition - Snowflake's stock price increased nearly 30% this year, outperforming most software companies, despite a 9% decline in the past month [6]. - The company has 654 customers with product sales exceeding $1 million in the past 12 months, indicating strong customer retention and growth [9]. - New customer acquisition grew by 21% in the last quarter, demonstrating effective customer acquisition strategies [9]. Group 3: Product Development and Workforce - Snowflake is focusing on developing products that allow users to leverage generative AI technology on their stored data [6]. - The company added over 500 employees in the last quarter, with the number of sales and marketing hires in the past six months exceeding the total from the previous two years [10].