Snowflake Reports Triple-Digit Q1 Revenue Growth, Eyes Expanded Markets
Applications beyond data warehousing, EMEA and Asia-Pacific expansion, and targeted vertical industries are among the data cloud company’s ambitious plans.
By
Rick Whiting May 26, 2021, 06:56 PM EDT
Reporting triple-digit revenue growth for its just completed fiscal 2022 first quarter, data cloud service provider Snowflake continues to eye applications for its data cloud platform beyond its initial data warehouse target.
“Our original focus of targeting legacy data warehouse workloads is going strong. And that will continue indefinitely,” CEO Frank Slootman (pictured) said on an earnings call Wednesday to discuss the financial results. “That’s a tried-and-true strategy.”