Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Snowflake Inc. reported a solid financial performance for the fiscal second quarter of 2024, with product revenue increasing by 30% year-over-year to $829 million, surpassing analyst expectations.</li><li>The company raised its full-year revenue outlook to $3.36 billion, reflecting its continued focus on innovation and product development.</li><li>Despite this growth, Snowflake's stock faced pressure, dropping by 7% in extended trading as concerns over its ability to fully capitalize on AI-related opportunities persisted.</li></ul>

Snowflake Inc. reported a solid financial performance for the fiscal second quarter of 2024, with product revenue increasing by 30% year-over-year to $829 million, surpassing analyst expectations.The company raised its full-year revenue outlook to $3.36 billion, reflecting its continued focus on innovation and product development.Despite this growth, Snowflake's stock faced pressure, dropping by 7% in extended trading as concerns over its ability to fully capitalize on AI-related opportunities persisted.

Can Snowflake Truly Capitalize On The AI-Linked Opportunities That Lie Ahead? - Major Drivers

<ul><li>Snowflake Inc. reported a strong Q1 for its fiscal year 2025, with the CEO, Sridhar Ramaswamy, outlining the key priorities of learning from customers, driving execution within go-to-market teams, and fueling innovation and product delivery.</li><li>The results presented prove that Snowflake's core business remains robust.</li><li>It delivered a remarkable Q1 with product revenue for the quarter rising to $790 million, a 34% increase YoY.</li></ul>

Snowflake Inc. reported a strong Q1 for its fiscal year 2025, with the CEO, Sridhar Ramaswamy, outlining the key priorities of learning from customers, driving execution within go-to-market teams, and fueling innovation and product delivery.The results presented prove that Snowflake's core business remains robust.It delivered a remarkable Q1 with product revenue for the quarter rising to $790 million, a 34% increase YoY.

Snowflake Inc.: Broadened Scope and Usability of Products & Other Major Drivers

TMT & Consumer Independent Equity Research Analyst, Obex Capital Research

Aaron Gabin

TMT & Consumer Independent Equity Research Analyst

TMT & Consumer Independent Equity Research

Obex Capital Research

“Obex” is Latin for Barriers to Entry. Obex Capital Management’s investment philosophy is driven by an intense focus on which business model’s Barriers to Entry are able to withstand the ever increasing competitive disruption in the TMT and Consumer Sectors.

<ul>
<li>Snowflake's largest customers consumption generated a massive beat on revenues and net revenue retention.</li>
<li>First quarter of positive EBIT and FCF shows operating leverage of this scaled business is starting to kick in.</li>
<li>Network effects look likely to start to juice growth as Snowflake rolls out new industry clouds.</li>
</ul>


Snowflake's largest customers consumption generated a massive beat on revenues and net revenue retention.
First quarter of positive EBIT and FCF shows operating leverage of this scaled business is starting to kick in.
Network effects look likely to start to juice growth as Snowflake rolls out new industry clouds.


Snowflake 3Q22 Earnings: The Abominable Snowman

<ul><li>Snowflake reported strong annual performance for fiscal 2024 with a 38% YoY product revenue growth reaching $2.67 billion, highlighting the company's continued growth trajectory.</li><li>The company also saw an expansion of its non-GAAP product gross margins to 77.8% and it reported non-GAAP adjusted free cash flow worth $810 million, indicating robust fiscal health.</li><li>The company's exceptional bookings in Q4 with $5.2 billion of remaining performance obligations mark a significant 41% YoY growth, this along with 14 Global 2000 new customers, underscores strong customer adoption and trust in Snowflake's offerings.</li></ul>

Snowflake reported strong annual performance for fiscal 2024 with a 38% YoY product revenue growth reaching $2.67 billion, highlighting the company's continued growth trajectory.The company also saw an expansion of its non-GAAP product gross margins to 77.8% and it reported non-GAAP adjusted free cash flow worth $810 million, indicating robust fiscal health.The company's exceptional bookings in Q4 with $5.2 billion of remaining performance obligations mark a significant 41% YoY growth, this along with 14 Global 2000 new customers, underscores strong customer adoption and trust in Snowflake's offerings.

Snowflake Inc: Can Its Rapid Development & Adoption Of AI Products Grow Its Market Share? - Major Drivers

<ul><li>Snowflake Inc. managed to exceed analyst expectations in terms of revenue as well as earnings.</li><li>In Q3, the company achieved a remarkable 34% year-over-year growth in product revenue, reaching an impressive $698 million.</li><li>Snowflake unveiled a suite of innovative technologies, including Snowflake Cortex, which facilitates the application of AI and machine learning on the Snowflake platform.</li></ul>

Snowflake Inc. managed to exceed analyst expectations in terms of revenue as well as earnings.In Q3, the company achieved a remarkable 34% year-over-year growth in product revenue, reaching an impressive $698 million.Snowflake unveiled a suite of innovative technologies, including Snowflake Cortex, which facilitates the application of AI and machine learning on the Snowflake platform.

Snowflake Inc.: Will The Acquisition Of Ponder Become A Game Changer? - Major Drivers

United States

Snowflake Inc. provides software solutions. The Company develops database architecture, data warehouses, query optimization, and parallelization solutions. Snowflake serves customers worldwide.

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Snowflake (SNOW US)

Can Snowflake Truly Capitalize On The AI-Linked Opportunities That Lie Ahead? - Major Drivers

Snowflake Inc. reported a solid financial performance for the fiscal second quarter of 2024, with product revenue increasing by 30% year-over-year...

Baptista Research

Snowflake Inc.: Broadened Scope and Usability of Products & Other Major Drivers

Snowflake Inc. reported a strong Q1 for its fiscal year 2025, with the CEO, Sridhar Ramaswamy, outlining the key priorities of learning from...

Baptista Research

Snowflake 3Q22 Earnings: The Abominable Snowman

Snowflake's strongest quarter since it went public, with rising net retention and outsized growth from its largest customers driving the...

Aaron Gabin

Snowflake Inc.: Will The Acquisition Of Ponder Become A Game Changer? - Major Drivers

Snowflake Inc. managed to exceed analyst expectations in terms of revenue as well as earnings. In Q3, the company achieved a remarkable 34%...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Can Snowflake Truly Capitalize On The AI-Linked Opportunities That Lie Ahead? - Major Drivers

Snowflake Inc. reported a solid financial performance for the fiscal second quarter of 2024, with product revenue increasing by 30% year-over-year...

Baptista Research

Snowflake Inc.: Broadened Scope and Usability of Products & Other Major Drivers

Snowflake Inc. reported a strong Q1 for its fiscal year 2025, with the CEO, Sridhar Ramaswamy, outlining the key priorities of learning from...

Baptista Research

Snowflake 3Q22 Earnings: The Abominable Snowman

Snowflake's strongest quarter since it went public, with rising net retention and outsized growth from its largest customers driving the...

Aaron Gabin

Snowflake Inc: Can Its Rapid Development & Adoption Of AI Products Grow Its Market Share? - Major Drivers

Snowflake reported strong annual performance for fiscal 2024 with a 38% YoY product revenue growth reaching $2.67 billion, highlighting the...

Baptista Research

Snowflake Inc.: Will The Acquisition Of Ponder Become A Game Changer? - Major Drivers

Snowflake Inc. managed to exceed analyst expectations in terms of revenue as well as earnings. In Q3, the company achieved a remarkable 34%...

Baptista Research