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This statistic highlights Snowflake’s revenue by region from Q3 2020 onwards, split across the United States and other regions.
The company provides cloud-based storage of information and problem-solving service. It authorizes collaborative users to cache and inspect the information using cloud-based software and hardware. Its revenue increased from $159.63 million in Q3 2021 to $334.44 million in Q3 2022, marking a huge increase of 109.5%.
The Snowflake’s revenue by region is bifurcated into two major regions namely the United States and Others.
|Region||Q3 2021||Q2 2022||Q3 2022||Contribution in Q3 2022|
(All figures are in millions, except percentages)
Snowflake Inc. is progressively implementing the business in heavily controlled industries such as healthcare and financial services. The company is governed by GAAP of the United States. The intellectual property rights of the United States provide an excellent level of safety to the company.
The United States region adds 79% to the total revenue of Snowflake Inc. in the latest quarter Q3 2022. Revenue from this region rose from $135.43 million in Q3 2021 to $265.60 million in Q3 2022, making a substantial rise by 96% yearly. It also increased quarterly between Q2 2022 and Q3 2022 by $48.22 million, i.e., 22.18%.
As shown in the table, the region other than the United States contributes 21% of the total revenue of Snowflake Inc. as of Q3 2022. This is good news for the company as there is an opportunity to expand the presence of the company all over the world. The company has invested in turnover and marketing, consumer assistance, and cloud disposition across the Asia Pacific and EMEA areas.
The revenue aggregated up to $68.84 million in the latest quarter. It made a rapid year-on-year growth of $35.56 million, i.e., 184.46% between Q3 2021 and Q3 2022. The company recorded a quarterly growth of 25.57% was observed between Q2 2022 and Q3 2022.
Snowflake Inc. was incorporated in July 2012 and was inaugurated in October 2014 in San Mateo in California. The company is headquartered in Bozeman in Montana in the United States of America. It was ranked number one in 2019 on the Forbes Cloud 100. It’s attributed to resuscitating the information industry with the help of the establishment and perfection of a cloud-based information policy. It was able to make a distinction between computing and computer information storage before the high-tech companies example, Google, Microsoft, and Amazon could do. Its name – Snowflake was selected as a testimonial to the originator’s love for winter sports.
The company’s architectonics provides for computing and storage to function as independent units. The sharing function also makes it effortless for organizations to share reliable and governed information. Snowflake Inc. is traded at the New York Stock Exchange (NYSE) under the ticker symbol SNOW.
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