Why Snowflake’s Future Looks Brighter Than Ever

Summary:

• Snowflake achieved 29% YoY product revenue growth in Q3 FY2025, raising FY2025 guidance to $3.43 billion.
• New product launches like Cortex and Snowpark, combined with engineering upgrades, drove adoption and $200M in incremental revenue.
• Added 18 Global 2000 clients in Q3, with RPO reaching $5.7 billion, up 55% YoY.
• AWS collaboration generated $3.9 billion in bookings over four quarters, marking a 68% YoY growth.
• Snowflake Cortex’s AI tools are in 1,000+ production use cases, strengthening enterprise workflows and boosting platform stickiness.

Investment Thesis

Since our last overage on Snowflake (NYSE:SNOW), the stock has increased by 40% and despite the bull run the outlook is still favorable with additional upside. Snowflake’s FY2025 guidance revision and 29% YoY product

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