Snowflake Raises Revenue Forecast for Fiscal 2025

Strong Second Quarter Results Drive Optimism

Key Highlights

• Product revenue raised to $336 billion from $330 billion.
• Second quarter product revenue of $6402 million, a 37% year-over-year increase.
• Net revenue retention rate of 128%.

Snowflake, the data cloud analytics company, has revised its revenue forecast for fiscal 2025. The company now projects product revenue of $336 billion, up from its previous forecast of $330 billion.

This positive adjustment is attributed to strong second-quarter results. Snowflake reported a product revenue of $6402 million during the second quarter, representing a 37% year-over-year growth.

In addition to its revenue growth, Snowflake boasts a high net revenue retention rate of 128%. This metric indicates that existing customers are expanding their usage of Snowflake's services, contributing to the company's overall revenue performance.