202101 Dec

Snowflake stock soars on strong revenue and Q4 guidance


Frank Slootman, CEO of Snowflake, on the day of its 2020 IPO. He is known as a demanding leader, and straight shooter. "Ive often been in board meetings at other companies and the CEO will put up a list of 10 priorities ... well, thats the same as having no priorities," he recently told CNBC. Shares of the Snowflake data-analytics software company were up more than 13% on Wednesday after it released third-quarter earnings that surpassed analyst expectations for revenue and provided strong product revenue guidance. The projection came in above the FactSet consensus estimate of $315.9 million.

Source: Cnbc