Total Return: -62.4% YTD (-48.0% vs S&P)
Thanks for the update.
Snow's revenue growth has dropped from 100% a year ago to 50% growth next quarter. What makes you think SNOW's revenue growth will be stable from here on out? Although I have great confidence in Frank Slootman, I am a little concerned here.
Thanks!
1) Data isn't going anywhere.
2) I trust management's 47% guide for next year. Slootman knows how to play this game.
3) The 165% NRR suggests a steady floor for growth without even a single new customer (which we know won't be the case).
4) The tougher comps this quarter and next will turn into easier comps when we come back around on them next year.
Happy to hear if you see any flaws, but that's how I'm thinking about it.
Thanks for the update.
Snow's revenue growth has dropped from 100% a year ago to 50% growth next quarter. What makes you think SNOW's revenue growth will be stable from here on out? Although I have great confidence in Frank Slootman, I am a little concerned here.
Thanks!
1) Data isn't going anywhere.
2) I trust management's 47% guide for next year. Slootman knows how to play this game.
3) The 165% NRR suggests a steady floor for growth without even a single new customer (which we know won't be the case).
4) The tougher comps this quarter and next will turn into easier comps when we come back around on them next year.
Happy to hear if you see any flaws, but that's how I'm thinking about it.