Overview

• Snowflake's first-quarter revenue rose 33% year-over-year to $828.7 million, beating forecasts.
• Adjusted earnings per share were $0.14, falling short of analysts' expectations of $0.17.
• The company's net revenue retention rate decreased to 128%, down from 151% the previous year.
• Snowflake revised its full-year operating income outlook to 3%, down from 6%.
• Increased collaboration with Nvidia and acquisition of TruEra's AI observability platform signal future AI advancements.