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Posted by
Two Blokes Jul 9 -
Filed in
Stock
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Snowflake rebounded after new CEO Sridhar Ramaswamy's AI-focused strategy and leadership restored investor confidence post-Slootman's retirement and disappointing FY24 results. First quarter FY26 results showed 26% revenue growth and 34% RPO growth, signaling improving future revenue predictability and stronger customer commitments. Non-GAAP operating margin rose to 9%, alleviating some profitability concerns and indicating effective cost management and operational efficiency improvements.
