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Snowflake Grows 32% on Analytics and AI but Competition Intensifies
In today's Cloud Wars Minute, I dive into Snowflake’s record-breaking Q2 performance and explore how CEO Sridhar Ramaswamy is positioning the company for long-term AI-driven success.
Highlights
00:14 — Snowflake has been a remarkable story of growth and achievement—category creation here around the AI Data Cloud—and it reported last week a very strong Q2 with product revenue up 32% to $1.09 billion. That’s the first time it has topped $1 billion. That’s the good news. The bad news is that the competition is really intensifying.
01:16 — CEO Sridhar Ramaswamy said, “We’re also trying to…
The skinny
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