The company, which provides cloud data warehousing software, posted a net loss of $132.2 million, or per-share loss of 43 cents, in the fourth quarter compared with a net loss of $198.9 million, or per-share loss of 70 cents. Analysts polled by FactSet expected per-share loss of 50 cents.
Revenue rose to $383.8 million for the three months ended Jan. 31 from $190.5 million for the year-ago period. Analysts polled by FactSet expected $372.7 million.
Snowflake said it had 5,944 customers in the fourth quarter, up from 4,139 customers in the prior-year quarter. 184 customers accounted for more than $1 million in product revenue over the past 12 months.
“Snowflake finished fiscal 2022 with record-breaking consumption and bookings results, including triple-digit product revenue growth,” Chief Executive Frank Slootman said in prepared remarks.
The stock is down almost 23% after hours.
Snowflake 4Q Revenue Beats Expectations, Loss Narrows – MarketWatch
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