Snowflake Results - my thoughts

If I understand correctly CEO and CFO they were pushing for longer term contracts bringing average length to 2.5y. Looks like this 240% in RPO growth is related to lengthening of contracts at least in part. If we want to compare with other our companies we should adjust these RPO numbers to average contract durations.

They also guided to deceleration in revenue growth next quarter. Could be sandbagging, but quarterly growth trend has been decelerating yoy, need to look at sequential qoq growth numbers.

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