SNOWFLAKE $SNOW GREW PRODUCT REVENUE 37% AND THE STOCK IS UP 20%
Product revenue hit $1.49B. Growth was 29% for all of last year and roughly 34% last quarter, so this is a re-acceleration at a $6B run rate.
Full-year guidance of $6.07B implies the back half grows about 36%, the same rate as the quarter.
Non-GAAP operating margin reached 15% from 11% a year ago. Non-GAAP EPS was $0.62 against $0.35. Headcount grew 7% while revenue grew 35%.
Net revenue retention rose to 126% after three straight quarters at 125%.
$1M customers grew 27% to 828. More than 9,100 accounts now use Snowflake's coding agent, with 2,000 added this quarter.