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Earnings Call Summary | Snowflake(SNOW.US) Q1 2025 Earnings Conference

Earnings Call Summary | Snowflake(SNOW.US) Q1 2025 Earnings Conference

财报电话会议摘要 | Snowflake (SNOW.US) 2025 年第一季度财报发布会
富途资讯 ·  05/23 08:57  · 电话会议

The following is a summary of the Snowflake Inc. (SNOW) Q1 2025 Earnings Call Transcript:

以下是Snowflake Inc.(SNOW)2025年第一季度财报电话会议记录摘要:

Financial Performance:

财务业绩:

  • Snowflake reported Q1 product revenue of $790 million, up 34% year-over-year.

  • Remaining Performance Obligations grew 46% year-over-year to $5 billion.

  • Non-GAAP adjusted free cash flow margin stood at 44%.

  • Snowflake expects Q2 product revenue between $805 million to $810 million and full year product revenue of approximately $3.3 billion, a 24% increase year-on-year.

  • Storage mix as a percent of revenue remained at 11%.

  • Snowflake报告称,第一季度产品收入为7.9亿美元,同比增长34%。

  • 剩余绩效义务同比增长46%,达到50亿美元。

  • 非公认会计准则调整后的自由现金流利润率为44%。

  • Snowflake预计,第二季度产品收入在8.05亿美元至8.1亿美元之间,全年产品收入约为33亿美元,同比增长24%。

  • 存储结构占收入的百分比保持在11%。

Business Progress:

业务进展:

  • Growth was primarily driven by data product and increased layer of AI applications.

  • Over 750 customers are using new AI capabilities, with significant upgrades in acquisition team in commercial space and business development.

  • AI product, Cortex, became generally available and features such as Iceberg, Snowpark Container Services, and Hybrid Tables are expected to be released by year-end.

  • Snowflake began migrating several large Global 2,000 customers to Snowpark in Q1, with more than 50% customers now using it.

  • Acquisition of certain technology assets and key staff from TruEra is ongoing to enhance AI capabilities.

  • Snowflake is noticing a trend towards long-term commitments from customers - exemplified by a $100M deal in Q1 with potential for another in Q2.

  • Ongoing efforts to expand the range of applications run on Snowflake through product innovations like Container Services and Hybrid Tables.

  • Partnerships formed with several companies to strengthen AI capabilities and grow the data on the platform.

  • Snowflake is focusing on AI solutions like Cortex and Arctic, using vector embedding and the Cortex index.

  • Plans are afoot to automate complex tasks with Snowflake and enable direct access to data, aligning with their vision of a 'single box' enterprise solution.

  • All sectors posted growth, with notable improvements in technology and healthcare.

  • 增长主要是由数据产品和人工智能应用程序层的增加推动的。

  • 超过750名客户正在使用新的AI功能,收购团队在商业空间和业务开发方面进行了重大升级。

  • 人工智能产品Cortex已正式上市,Iceberg、Snowpark容器服务和混合表等功能预计将在年底前发布。

  • Snowflake在第一季度开始将几家全球2,000大客户迁移到Snowpark,现在有超过50%的客户在使用它。

  • 正在从TrueRA收购某些技术资产和关键员工,以增强人工智能能力。

  • Snowflake注意到客户有向长期承诺的趋势——第一季度达成的1亿美元交易就是例证,第二季度有可能再进行一笔交易。

  • 通过容器服务和混合表等产品创新,持续努力扩大在 Snowflake 上运行的应用范围。

  • 与多家公司建立了合作伙伴关系,以加强人工智能能力并增加平台上的数据。

  • Snowflake使用矢量嵌入和Cortex索引,专注于Cortex和Arctic等人工智能解决方案。

  • 他们正在计划使用Snowflake自动执行复杂任务并实现对数据的直接访问,这与他们对 “一箱式” 企业解决方案的愿景一致。

  • 所有行业均实现增长,技术和医疗保健显著改善。

More details: Snowflake IR

更多详情: Snowflake 红外

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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