8/16/2023 0 Comments Snowflake company![]() ![]() The following table summarizes our guidance for the full-year fiscal 2022:Ī reconciliation of non-GAAP guidance measures to corresponding GAAP guidance measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty regarding, and the potential variability of, expenses that may be incurred in the future. See the section titled “Statement Regarding Use of Non-GAAP Financial Measures” for an explanation of non-GAAP financial measures. (1) We report non-GAAP financial measures in addition to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. Weighted-average shares used in computing diluted net loss per share attributable to common stockholders - basic and diluted The following table summarizes our guidance for the third quarter of fiscal 2022: Our guidance includes GAAP and non-GAAP financial measures. Numbers are rounded for presentation purposes. See the section titled “Statement Regarding Use of Non-GAAP Financial Measures” for an explanation of non-GAAP financial measures, and the table titled “GAAP to Non-GAAP Reconciliations” for a reconciliation of GAAP to non-GAAP financial measures. The following table summarizes our financial results for the second quarter of fiscal 2022: Second Quarter Fiscal 2022 GAAP and Non-GAAP Results: “While increasing net revenue retention rate to 169%, we also boosted gross margin and operating margin efficiency while our adjusted free cash flow was positive for the third quarter in a row.” “Snowflake saw continued momentum in Q2 with triple-digit growth in product revenue, reflecting strength in customer consumption,” said Snowflake Chairman and CEO Frank Slootman. See the section titled “Key Business Metrics” for definitions of product revenue, remaining performance obligations, net revenue retention rate, total customers, and customers with trailing 12-month product revenue greater than $1 million. The company now has 4,990 total customers and 116 customers with trailing 12-month product revenue greater than $1 million. ![]() Net revenue retention rate was 169% as of July 31, 2021. Remaining performance obligations were $1.5 billion, representing 122% year-over-year growth. Product revenue for the quarter was $254.6 million, representing 103% year-over-year growth. Revenue for the quarter was $272.2 million, representing 104% year-over-year growth. Snowflake FY22 Q2 Earnings Infographic (Graphic: Snowflake) ![]()
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