Snowflake Reports Q1 Beat and $6 Billion AWS Partnership
Snowflake reported first-quarter revenue of $1.39 billion, up 33 percent, and raised full-year product revenue guidance. The company also disclosed a $6 billion multiyear agreement with AWS.
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1 source grouped by AFBytes in Tech
AFBytes briefing
Cloud data platform results influence enterprise technology budgets and the broader software-as-a-service spending cycle.
What to watch next
- Watch Snowflake's next earnings release for confirmation that the AWS deal is translating into sustained product revenue growth.