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Driven by its success on the stock market, Snowflake redoubles its ambition

2021-06-15T16:28:22.438Z

The founder of the cloud platform aims for a product turnover of 10 billion dollars by 2029. On September 16, the Snowflake company set Wall Street on fire. By soaring 100% on the first day of its IPO, the share sparked an unprecedented boom in the history of technology stocks. Nine months later, the valuation of the company, which offers a cloud-based data management and analysis platform, remains above $ 70 billion. This week, it organized its first investor day and its annual conferenc



On September 16, the Snowflake company set Wall Street on fire. By soaring 100% on the first day of its IPO, the share sparked an unprecedented boom in the history of technology stocks. Nine months later, the valuation of the company, which offers a cloud-based data management and analysis platform, remains above $ 70 billion. This week, it organized its first investor day and its annual conference. “

This IPO allowed us to accelerate the recognition of Snowflake on a global level, but, contrary to what one might think, it did not change much for us internally. Our vision and our priorities are not linked to this

. ” explains to

Figaro

Benoît Dageville, the French co-founder and president of the company's product division.

Like many cloud companies, Snowflake is taking full advantage of the business migration to the cloud, which has accelerated since the pandemic

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Source: lefigaro

All business articles on 2021-06-15

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