Financial PerformanceFor FY:25, Snowflake expects product sales of $3.250 billion (up 22% YoY), product gross margin of 76%, and an adjusted free cash flow margin of 29%.
Leadership And StrategyNewly appointed CEO Sridhar Ramaswamy has an excellent track record in both advertising and generative AI technology and should be a strong fit as the company attempts to drive more AI.
Product InnovationSnowflake Inc. announced the launch of Arctic, a 480B parameter Dense-MoE hybrid open-source large language model aimed at SQL code generation, instruction following, and more.