IS SNOWFLAKE PRO WORTH IT SOFTWARE

However historically EDW has failed to deliver on its promises of a 360 degree view of the customer and real time insights. EDW has been critical to supporting the reporting and governance requirements for companies, especially supporting the accounting requirements of Sarbanes-Oxley. We are seeing a revolution in the EDW market space, brought on by cloud, data science tooling and modern database technology. Legacy EDW Evolves to Analytic Data Stores We will answer the question вЂ“ will the cloud giants overwhelm the upstarts and specifically Snowflake? Or will the specialists continue to thrive and if so how?

Finally weвЂ™ll close with some thoughts on how the competitive landscape is likely to evolve.

Next we will look into the competitive environment and dig into the ETR spending data to see who has the momentum in the market.First we want to cover the basics of the cloud database market space вЂ“ i.e.In this Breaking Analysis we want to accomplish three things: What some call enterprise data warehouses (EDW) вЂ“ a term that is perhaps outdated for todayвЂ™s speed of doing business. At the center of this mega trend is a new class of data stores and analytic databases. One of the more notable innovations weвЂ™re seeing is the practice of leveraging data by infusing AI into applications, simplifying analytics and scaling with the cloud to deliver business insights in near real time. TodayвЂ™s cloud workloads go beyond infrastructure services and are increasingly diverse. That is, the spinning up of storage, compute and networking resources to support startups, dev/test, SaaS and eventually moving more business workloads into the cloud.

Early cloud was all about infrastructure-as-a-service ( IaaS). New Cloud WorkloadsДЄs weвЂ™ve reported, there is a new class of workloads emerging in the cloud. Over time Snowflake can widen its margins to the mid-70% range by receiving more favorable pricing from cloud providers such as Amazon and Microsoft, along with becoming larger and cutting back on discounts, Mike Scarpelli, Snowflake's finance chief, said on the call.In this Breaking Analysis we dig into the cloud database market and take a closer look at how Snowflake competes with Amazon Redshift, Google BigQuery and Microsoft Synapse, among others. The company reported $927.9 million in remaining performance obligation for contracted revenue that hasn't been recognized, up 240% on an annualized basis.

Snowflake said it now has 65 customers contributing over $1 million in product revenue over the trailing 12 months. Snowflake said at that range, product revenue would be up 97% to 103% year over year. The company said for the fiscal fourth quarter it expects $162 million to $167 million in product revenue, which represented 93% of total revenue in the fiscal third quarter. Competition comes from the top public clouds, which also happen to be key suppliers for Snowflake, Slootman told analysts on a conference call on Wednesday. The coronavirus pandemic has driven greater interest in Snowflake, CEO Frank Slootman said in April.

IS SNOWFLAKE PRO WORTH IT SOFTWARE

The company's software provides a cloud-based alternative to data warehouses that unify a variety of data and execute queries with on-premises hardware and software. Losses narrowed from $1.92 per share in the year-ago quarter, while gross margin fell to 58.2% from 59.6%. In the previous quarter it delivered 121% growth. Snowflake's revenue grew 119% year over year in its fiscal third quarter, which ended on Oct.

Is snowflake pro worth it