Search

(Bloomberg) -- Snowflake Inc.'s finance chief defended enhancements to the software company's products that are estimated to cost $97 million in lost revenue this year amid a plunge in the share price since the disclosure. While Snowflake, which helps customers store and analyze corporate data, has made product changes in the past that reduced customers' bills, the improvements announced with fiscal fourth-quarter earnings on March 2 have had the most significant impact. [Extracted from the article]

(Bloomberg) -- Snowflake Inc., a software company that helps businesses organize data in the cloud, plunged more than 25% in extended trading after projecting that product sales growth would slow from its previous triple-digit-percentage pace in the fiscal year. Product revenue makes up almost 95% of the company's total sales. [Extracted from the article]

Product sales will increase as much as 67% to $1.9 billion in the current year, the company said Wednesday in a statement. (Bloomberg) -- Snowflake Inc. plunged more than 25% in extended trading after announcing an acquisition and projecting slowing product sales growth in the fiscal year. [Extracted from the article]

Keywords: 1023727D; CRM; SNOW; ALLTOP; BUSINESS; COS; FIN; INDUSTRIES; MARKETS; SOF; STK; TEC; TECHTOP; TECSVC; TMT; TOP; WWTOP; WWTOPAM; WWTOPEU EN 1023727D CRM SNOW ALLTOP BUSINESS COS FIN INDUSTRIES MARKETS SOF STK TEC TECHTOP TECSVC TMT TOP WWTOP WWTOPAM WWTOPEU (Bloomberg) -- Databricks Inc., one of the most valuable startups in the U.S., is still planning an initial public offering even as Wall Street has become more skeptical about growth in the software industry, according to Chief Executive Officer Ali Ghodsi. Databricks said it has more than 7,000 customers and a net retention rate -- the percentage of recurring revenue from existing customers -- of higher than 150%, which is significantly more than the industry average for pre-IPO software vendors. [Extracted from the article]

Representatives for Permira and Hellman declined to comment, as did those for Goldman Sachs, JPMorgan and Morgan Stanley. (Bloomberg) -- The private equity owners of Genesys have selected underwriters for an initial public offering that could value the call-center technology provider at more than $30 billion, according to people with knowledge of the matter. [Extracted from the article]

R469FWDWLU6F (Bloomberg) -- Veeam Software Corp., a closely held maker of data protection and backup software, appointed former RingCentral Inc. executive Anand Eswaran as chief executive officer. Keywords: 0669646D; 776341Z; RNG; BUSINESS; COS; FIN; INDUSTRIES; SOF; TEC EN 0669646D 776341Z RNG BUSINESS COS FIN INDUSTRIES SOF TEC Veeam Software Corp., a closely held maker of data protection and backup software, appointed former RingCentral Inc. executive Anand Eswaran as chief executive officer. [Extracted from the article]

(Bloomberg) -- Databricks Inc., a data analytics software maker, is launching a venture fund that will back startups using its tools, and young companies it sees as potential partners. Snowflake, for example, runs a venture fund that has backed companies like Lacework Inc., which bases its main operations around Snowflake's cloud data warehouse. [Extracted from the article]

(Bloomberg) -- Call center software provider Genesys Cloud Services Inc. raised $580 million at a $21 billion valuation, the company announced, a sign companies are increasingly looking to move customer service operations to the cloud. Bookings for Genesys' cloud software more than doubled in the first half of fiscal year 2022 compared to the prior year, the Daly City, California-based company said. [Extracted from the article]

Bookings for Genesys' cloud software more than doubled in the first half of fiscal year 2022 compared to the prior year, the company said. (Bloomberg) -- Call center software provider Genesys Cloud Services Inc. raised $580 million at a $21 billion valuation, the company announced, a sign companies are increasingly looking to move customer service operations to the cloud. [Extracted from the article]

Product sales, which make up more than 90% of Snowflake's revenue, will be $345 million to $350 million in the period ending in January, the company said Wednesday in a statement. (Bloomberg) -- Snowflake Inc. jumped more than 17% in pre-market trading after the cloud software company reported better-than-projected revenue and a bullish forecast, fueled by a gain in new customers and greater spending by existing clients. [Extracted from the article]

Product sales, which make up more than 90% of Snowflake's revenue, will be $345 million to $350 million in the period ending in January, the company said Wednesday in a statement. (Bloomberg) -- Snowflake Inc. jumped more than 13% in extended trading after the cloud software company reported better-than-projected revenue and a bullish forecast, fueled by a gain in new customers and greater spending by existing clients. [Extracted from the article]

Product sales, which make up more than 90% of Snowflake's revenue, will be $345 million to $350 million in the period ending in January, the company said Wednesday in a statement. (Bloomberg) -- Snowflake Inc. jumped more than 12% in extended trading after the cloud software company reported better-than-projected revenue and a bullish forecast, fueled by a gain in new customers. [Extracted from the article]

(Bloomberg) -- Snowflake Inc. jumped more than 12% in extended trading after the cloud software company reported better-than-projected revenue and a bullish forecast, fueled by a gain in new customers. Product sales, which make up more than 90% of Snowflake's revenue, will be $345 million to $350 million in the period ending in January, the company said Wednesday in a statement. [Extracted from the article]

(Bloomberg) -- Snowflake Inc. jumped more than 10% in extended trading after the cloud software company reported better-than-projected revenue and a bullish forecast, fueled by a gain in new customers. Product sales, which make up more than 90% of Snowflake's revenue, will be $345 million to $350 million in the period ending in January, the company said Wednesday in a statement. [Extracted from the article]