Snowflake: Why Jim Cramer Thinks Every Fortune 500 Company Will Be a Customer

Thestreet2021-08-27

Cloud software company Snowflake (SNOW) reported a second-quarter loss of 64 cents a share onrevenue of $272.2 million, up 104% from a year earlier.

Snowflake CEO Frank Slootman told Jim Cramer on "Mad Money" that Snowflake doesn't create demand for its products, it enables it. A lot more is possible with Snowflake when technology no longer holds companies back, Slootman said.

Cramer told Action Alerts PLUS senior analyst Jeff Marks that Snowflake's 'pay as you go' use model will make it so every customer in the Fortune 500 is a customer.

"[Snowflake] is the way of the future, right now," Cramer said.

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精彩评论

  • k1wong
    2021-08-27
    k1wong
    Huh?
  • e13v3n
    2021-08-27
    e13v3n
    tradg against cramer
  • Geraldho81
    2021-08-27
    Geraldho81
    Isn't there already AWS? How is snowflake really different?? 
  • LeongSS
    2021-08-27
    LeongSS
    Sure ?
  • ngiamxinghao
    2021-08-27
    ngiamxinghao
    Mom nñ. .l. 
  • 449ff09a
    2021-08-27
    449ff09a
    Talk big
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