Snowflake

Snowflake's Q1 FY2025 (three months ended April 30, 2024) filing shows total revenue of $828.7M (product revenue $789.6M, professional services $39.1M). The branding has shifted to 'AI Data Cloud' from just 'Data Cloud,' signaling AI's growing strategic importance. The filing explicitly references 'AI Technology' as a risk factor: 'If we are not successful in executing our investments in our platform, including artificial intelligence and machine learning technology, or AI Technology, our business, financial condition, and results of operations could be harmed.' Cortex AI was rolling out. No AI-specific revenue disclosed. The 3% estimate (~$24.9M) reflects the ramp of Cortex AI features (LLM inference, search) and growing Snowpark ML workloads, though these features are consumption-based and early in adoption.