Although the annual turnover is well below US$600 million, the fast-growing company Snowflake has ranked among the top 10 most influential cloud providers in the world. The company has taken a place in the Cloud Wars rankings, which is the coveted position of the largest players in the market.
Snow is ranked tenth, not Adobee
Snow replaces Adobee,recent Ranked tenth In the top 10 weekly Cloud Wars.Although activeAdobe Digital Experience In the past 12 months, its quarterly revenue surpassed Snowflake, but Adobe failed to become Destructive factors Or a force in the CRM/DX field.
As far as snowflakes are concerned, it disrupts the marketIn the fourth fiscal quarter ended January 31, Snowflake’s product revenue increased by 117% to $178.3 million. The company’s RPO (Remaining Performance Obligation) at the end of the quarter was $1.3 billion.
Snowflake: it is contained in a large circle
obviously, Snowflake’s quarterly earnings are minimal Compared with other Cloud Wars top 10 players. In Snowflake, Workday ranks eighth with $1.01 billion, and ServiceNow ranks seventh with $1.2 billion, and their quarterly revenue is also the lowest.
most The destructive impact of society, son Strong growth rate And his Competitive Strategy In the past, consistent with the largest companies in the market, this makes Snowflake one of the most influential cloud providers in the world.
Snow rising analysis
Everyone put forward their own opinions on things related to this extraordinary climb of Snowflake. In his cloud database report, analyst John Foley analyzed Snowflake’s latest earnings and revealed that the company has reportedly reached a major milestone of $1 billion and above.
Frank Slootman, Chairman and CEO of Snowflake, stated that the company’s growth is driven by long-term long-term trends in data science and analytics. This is achieved through cloud-scale computing and Snowflake’s cloud-native software architecture. With the impact of digital transformation, data operations are becoming the beating heart of modern enterprises.
The key to Snowflake’s success
Frank Slootman also attributes this success to Snowflake Data Cloud To achieve a breakthrough data strategy, capacity limitations are now a thing of the past,No limit on the number of workloads Can run on the same data at the same time.It also evokes Performance of a single workload Increased by several orders of magnitude.
In addition, Snowflake Data Cloud is also innovatingData access, Which is increasingly important for data science, artificial intelligence, and machine learning workloads.If Snowflake is relatively insufficient in terms of revenue, this is enough to make up for its Bold customer-centric ambition.
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