- They are disrupting one of the largest enterprise software markets with a product that unlocks demand for data analytics.
- Snowflake makes data sharing easy and in a spectacular way. Customers are so happy with the product that they make celebratory videos on post on YouTube.
- 4Q21 product revenue +116% year over year; backlog +213% year over year; customers +74% yoy
- Backlog has grown from $83 million to a staggering $1.3 billion in just 9 quarters.
- Valuation is a short-term risk with a very rich valuation but SNOW should be a long-term winner
Are you invested in the cloud? What is your favorite cloud investment?
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