Snow's recent Q3 FY23 earnings - is it snowing or sunshine?

KYHBKO
2022-12-01

Snowflake has released its earnings. 

Source from Twitter user EconomyApp

From Twitter user App Economy Insights

Snowflake Q3 FY23:

Beat but soft raise.

Key metrics:

• Customers +34% Y/Y to 7,292.

• NRR 165% (-7pp Y/Y).

• RPO +66% Y/Y to $3.0B.

• Revenue +67% Y/Y to $557M ($18M beat).

• Non-GAAP EPS $0.11 ($0.06 beat).

• OCF margin 14% (+9pp Y/Y).

• FY23 Guidance +$12M.

My muse

I need the business to turn black before shortlisting. Potential alone could not be the sole reason for investing ~ every business has potential.

With the downturn & layoffs, software companies should expect a reduction in their revenue & net income (especially those with user subscription models). Watch out for businesses with high debt. With the coming interest rate hikes, some are unlikely to survive.

@TigerStars  

$Snowflake(SNOW)$  

# Q3 Earnings Analysis

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment（70）

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  • MatthewWalter
    ·2022-12-01
    If the stock is trading at a nose bleed valuation based on increased growth and they guide lower, then I can't wait to read the logic for anything better than a hold and a $120 PT at best.
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    • KYHBKO: 
      appreciate your insight for this.  I need to be more convinced.  maybe the less hawkish comments from Fed Chair played a part.
      2022-12-01
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  • CrystalRose
    ·2022-12-01
    CFO is being conservative for next quarter. He’d rather lower the bar now and be able to beat it later. Typical. It was a great er. I might buy tomorrow if it opens down.
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    • KYHBKO: 
      you are right.  it has yet to tick enough boxes.  Wishing you the best. 
      2022-12-01
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  • ChristKitto
    ·2022-12-01
    market has very positive momentum...since it went to high today. there will be a slight pull back before anther rally
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    • KYHBKO: 
      thanks for sharing your insights
      2022-12-01
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  • powerbert
    ·2022-12-01
    Very interesting stock.
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    • KYHBKO: 
      one that I monitor
      2022-12-01
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  • miracleGod
    ·2022-12-05
    ok
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  • Shishir
    ·2022-12-05
    ok
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  • ben88
    ·2022-12-05
    like.
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  • Jojo3
    ·2022-12-04
    Ok
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  • WooSM
    ·2022-12-03
    Ok nan
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  • JIll
    ·2022-12-03
    LIKE
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  • Elsa Heng
    ·2022-12-03
    [What]
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  • clementsyc
    ·2022-12-03
    ok
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  • Ricki猫
    ·2022-12-03
    g
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  • AK80
    ·2022-12-03
    Ok
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  • Papa Bear
    ·2022-12-03
    thanks
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  • xebona
    ·2022-12-03
    666
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    • KYHBKO: 
      谢谢
      2022-12-03
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  • gupzbajaj
    ·2022-12-03
    gd luck
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  • Heyminnie
    ·2022-12-03
    ok
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  • 小虎小虎小小虎
    ·2022-12-03
    哦
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  • CloudySeason
    ·2022-12-03
    👍🏻
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