SummarySnowflake reported the results of its fiscal Q4 last week. The guidance, calling for 67% revenue growth, was judged to be disappointing and the shares have fallen by 27% since the earnings release. Unremarked, but of significance to any longer-term investor, is that the company’s free cash flow margin is rising at a rapid pace.…
Summary Shares of High-Growth software companies have led the market down so far in 2022. The decline in valuations and absolute share prices has been at rates that rival anything in the recent past. This decline has occurred against a background of strong and growing demand in the Information Technology (IT) space. Ironically, software demand…
Alteryx: Yesterday, AYX and Snowflake announced a partnership that enhances the integration between the Snowflake platform and what Alteryx now calls its analytic process automation solution set. Alteryx shares were up 7%+ on the basis of the announcement. Alteryx is a 7%+ weighting in our high-growth portfolio. Snowflake is perhaps the leading platform these days…
Although earnings reports will not be coming out in the next few weeks, there is still lots of news and some interesting opportunities. As is obvious, the market as a whole has been under some pressure for a few days, and that pressure has been focused on mega-cap IT names for a variety of factors.…