Yahoo Finance

It was the company’s first-ever $1 billion revenue quarter, with sales up 26% from the prior year. Product revenue—derived from Snowflake customers’ consumption of compute, storage, and data transfer—also increased 26% from the previous year to $996.8 million. Snowflake said it expects second-quarter product revenue to be between $1.035 billion and $1.04 billion, which is above the consensus analyst call of $1.02 billion.