Snowflake Inc. (SNOW) is a global provider of cloud-based data platforms. The company's platform offers a Data Cloud, which allows customers to consolidate data into a single source and is used by various organizations across industries. The company’s shares have gained 34.9% over the past three months.
The stock soared following the release of its second-quarter results. SNOW's revenue came in at $497.25 million, up 82.7% year-over-year. In addition, its total number of customers increased 36.3% to 6,808, and the number of customers contributing $1 million or more to revenue increased by 112% to 246.
