If customers can slash bills by 'optimizing,' what does that mean for revenue?
had yielded a 20 percent reduction in the average cost of warehouse queries for customers over the last three years, seemingly aware of some criticism.
The company became something of a poster child with the movement to big data in the cloud, at least in the eyes of investors who valued Snowflake at an eye-watering $120 billion followingThe lingering question about the Instacart episode is on how much of this valuation is predicated on the kind of fees the likes of Instacart was prepared to pay – it was already a customer in 2020.
in after-hours trading after it lowered guidance on revenue forecasts. This was despite Snowflake revenue for Q4 FY22 ended 31 January hitting $383.8 million, effectively doubling in a year. However you read the Instacart episode, it's hard not to conclude the sheen has gone from the one-time darling of the NY stock exchange which seemed to promise near-limitless growth. With
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