Snowflake just reported seven straight quarters of positive financing cash flows. Moreover, Snowflake is borrowing money to survive. The quarterly ending cash flow fell from $660.80 million on 30 April 2021 but rose from -$3.12 billion on 31 January 2021. For example, Snowflake had a quarterly ending cash flow of $150.34 million on 31 January 2022. Yet Snowflake is not keeping much of that cash. Hence, Snowflake’s moneymaking capacity is increasing. Similarly, Snowflake’s quarterly operating cash flow rose from -$27.48 million on 31 January 2021 to $92.39 million on 31 January 2022. The global data volume will grow to 147 zettabytes in 2024 and 181 zettabytes in 2025.Ĭonversely, Snowflake’s quarterly gross profit grew from $107.21 million on 31 January 2021 to $247.98 million on 31 January 2022. Statista estimates the total volume of data in the world will grow from 97 zettabytes in 2022 to 120 zettabytes in 2023. Moreover, the amount of data in the world is growing fast. I think Snowflake will grow because data needs the cloud, and the cloud needs data. Hence, data is driving the cloud’s growth. Streaming video, finance, healthcare, Fintech, and software-as-a-service (SaaS) are among the industries driving cloud computing’s growth. Hence, the global cloud computing market could have a Compound Annual Growth Rate (CAGR) of 16.3%. In comparison, the global cloud computing market could grow from $445.3 billion in 2021 to $947.3 billion in 2026, MarketsandMarkets estimates. Similarly, the total value of the global Big Data market could grow from $138.9 billion in 2020 to $229.4 billion by 2025, Precisely estimates. I consider Snowflake a data analytics company. Similarly, Statista estimates the world Big Data analytics market revenue will grow from $14.85 billion in 2019 to $64.09 billion in 2025. To elaborate, a company uses a data lake to store all the customer data it gathers. Customers can connect to the data cloud and access Snowflake’s services from anywhere on Earth.Ī is a storage repository that holds vast amounts of raw data. Those services include data engineering, data warehouse, data science, data lakes, data applications, and data sharing. (SNOW) operates a cloud platform that offers a variety of data services. So what is Snowflake and does it make money? What is Snowflake (SNOW)?
Hence, some of America’s largest investors think Snowflake (SNOW) is worth buying. In contrast, Berkshire Hathaway (BERK.A) owned 6.124 million shares of SNOW in the fourth quarter of 2021, Dataroma estimates. CALPERS is one of America’s largest pension funds with assets of $469.44 billion on 4 April 2022. The California Public Employees’ Retirement System (CALPERS) bought 389,341 shares of Snowflake (NYSE: SNOW) in the fourth quarter of 2021, Barron’s reports. Both Berkshire Hathaway (BRK.B) and America’s largest public pension fund own shares in the data cloud company Snowflake (SNOW). The Data Cloud is a popular investment these days. Can Snowflake (SNOW) make money from the Data Cloud? - Market Mad House
0 kommentar(er)
