Snowflake Inc - Ordinary Shares - Class A

Strong Q3 Performance: Snowflake reported product revenue of $900 million for Q3 Fiscal 2025, reflecting a robust 29% year-over-year growth. Remaining performance obligations (RPO) surged to $5.7 billion, with a remarkable 55% growth rate year-over-year, indicating strong customer demand and future revenue visibility.

Increased Product Revenue Guidance: Based on the strong results in Q3, the company raised its full-year product revenue outlook to approximately $3.43 billion, equating to a 29% increase year-over-year. This upward revision suggests confidence in ongoing demand and sales effectiveness.

Improving Profitability Metrics: The non-GAAP operating margin improved to 6%, outperforming the company's previous guidance. Additionally, non-GAAP adjusted free cash flow margin was reported at 9%. Snowflake's rigorous cost management efforts are yielding higher margin efficiency while supporting investment in innovation.