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Snowflake reports product revenue up 34 percent and new $6 billion AMZN commitment, Stephanie Link notes
Stephanie Link, managing director / portfolio manager at Hightower Advisors, highlights Snowflake's strong quarterly performance, noting product revenue rose 34 percent, outpacing expectations. The company also reported net revenue retention of 126 percent, remaining performance obligations up 38 percent, operating margin of 12 percent, and a new $6 billion commitment to Amazon. Guidance was raised for F/27.
Link recently highlighted that the S&P 500 is up 8% and the Nasdaq is up 15% year-to-date, citing improved earnings per share as a driver. She noted that market attention remains focused on the 10-year yield. In another update, Link pointed to strong quarterly growth at AS, with technical apparel sales up 28% and China sales rising 45%.
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