The past 12 months have shown that companies need to adapt digital business models to compete, and only the cloud can provide the agility, scalability, and innovation required for this transition.
A perfect example of this shift to the cloud can be seen in the tremendous adoption of Snowflake. Earlier this week, Snowflake reported its financial results for the first quarter of fiscal 2021. The results are impressive; revenue increased 110% year-over-year to $228.9 million. Even more notable is the total number of customers on Snowflake – 4,532.
These numbers tell the story: Not only are customers moving to Snowflake, they are moving significant workloads and consuming massive amounts of data on this remarkable cloud platform. As stated by Snowflake CEO, Frank Slootman “Snowflake reported strong Q1 results with triple-digit growth in product revenue, reflecting strength in customer consumption.”