スノーフレイク　３Ｑ　2024/11/20

Positive Points
Snowflake Inc (NYSE:SNOW) reported a strong third quarter, with product revenue reaching $900 million, marking a 29% year-on-year increase.
The company increased its fiscal 2025 product revenue guidance, reflecting confidence in continued growth.
Snowflake Inc (NYSE:SNOW) is seeing significant adoption of its AI feature family, Snowflake Cortex, with over 1,000 deployed use cases.
The company has improved its go-to-market strategy, leading to increased new product adoption and customer expansion.
Partnerships with major cloud providers like AWS and Microsoft (NASDAQ:MSFT) are enhancing data interoperability and driving revenue growth.

Negative Points
Despite strong performance, Snowflake Inc (NYSE:SNOW) faces potential headwinds from customers moving to open data formats like Iceberg, which could impact storage revenue.
The company is undergoing cost management initiatives, including centralizing teams and removing redundant management layers, which may indicate previous inefficiencies.
There is a noted seasonality in Q4 due to holidays, which could affect revenue growth during this period.
Snowflake Inc (NYSE:SNOW) is still in the early stages of AI product adoption, with Cortex AI described as being in the 'early innings'.
The federal government sector remains a very small part of Snowflake Inc (NYSE:SNOW)'s business, indicating limited penetration in this potentially lucrative market.

ティッカーシンボル	社名	業種	関連銘柄	トピックス	PER	配当利回り	ROE	PSR
SNOW	Snowflake Inc.	ビッグデータ管理サービス	クラウド関連	ＡＷＳやMicrosoft との提携により、データの相互運用性が向上(３Ｑ)	248.7倍	0.00％	0.00％	16.8倍