But that may not always be possible.

And they picked Snowflake because it could run 250 concurrent data analysis queries — compared to 60 for Teradata — at a much lower price (25% to 30% of what Teradata charges)," Muglia told me. But by May 1, 2019 Muglia had been replaced as CEO by Frank Slootman. Critically, Snowflake’s market is fragmented.

Step up, own issues and resolve them.

Make a positive impact and a lasting difference. They engineered Snowflake to power the Data Cloud, where thousands of organizations have seamless access to explore, share… Simplify developing data-intensive applications that scale cost-effectively, and consistently deliver fast analytics, Share and collaborate on live data across your business ecosystem. If you make a mistake, own it, fix it, learn from it and move on. Business and technology publications have recognized Snowflake over the years for our product innovation and workplace culture.

IBM did not respond to my question of whether Snowflake had taken some of its customers — though it did provide a comment. Do what matters and focus on what’s important.

The data warehousing market — Snowflake’s space — was considerably smaller but growing well. As a Snowflake customer, easily and securely access data from potentially thousands of data providers that comprise the ecosystem of the Data Cloud.

Snowflake is available on AWS, Azure, and GCP in countries across North America, Europe, Asia Pacific, and Japan. Quality and excellence count in everything we do.

We challenge ourselves at Snowflake to rethink what’s possible for a cloud data platform and deliver on that.

And in the second quarter of 2019, Teradata revenues of $478 million fell 12% from the previous year's $544 million, according to Zacks. Amazon and Microsoft both offer data warehousing — but Capital One picked Snowflake. They engineered Snowflake to power the Data Cloud, where thousands of organizations have seamless access to explore, share, and unlock the true value of their data.

We’re headquartered in the heart of Silicon Valley, with more than 2,000 employees working in 19 countries. Simple data preparation for modeling with your framework of choice. Personalize customer experiences, improve efficiencies, and better mitigate risk, Build a healthier future with virtually all of your data informing your every decision, Deliver 360º, data-driven customer experiences, Provide highly personalized content and experiences to your consumers, Deliver insights, power innovation, and scale effortlessly, Use data to power IT modernization, advance your mission, and improve citizen services, Leverage data to power educational excellence and drive collaboration.

Execute. It may be a truly generational business. (IBM still supports the two most recent models.) Constructive, respectful disagreement and debate encourages better problem-solving and decisions. Revenue grew 173% over the last fiscal year, increasing from $96.7 million to $264 million. Current websites 1,423. My 14th book -- published in February 2019 -- is "Scaling Your Startup: Mastering the Four Stages from Idea to $10 Billion." Started by three database engineers in 2012 in conjunction with Sutter Hill Ventures (SHV), a secretive VC firm, Snowflake is currently helmed by software veteran, Frank Slootman. In the six months ending July 31, 2020, Snowflake logged $241 million, an annual run rate of $482 million. Do your best work every day. Market Share 9.69%. Despite strong competitive pressure, an excellent management team, favorable market dynamics, and an exceptional track record suggest that Snowflake may be much more than a flash in the pan.

How else do you explain an unprofitable company with 60% gross margins trading at about 75x the revenue it might earn a year from now? Accept and appreciate everyone from every walk of life. Slootman — who left as ServiceNow's CEO in March 2017 — credited Muglia with building Snowflake into a company that had "crossed the chasm" with a strong customer base.

Snowflake CEO Frank Slootman and the rest of our executive team are seasoned experts committed to building an exceptional technology company. (I have no financial interest in the securities mentioned in this post).

Category Position 4 th. ", Snowflake responded to this comment, saying, "We stand by our statement regarding Teradata.". All Rights Reserved, This is a BETA experience. Empower your cybersecurity and compliance teams with Snowflake.

While Snowflake has benefited from a first-mover advantage, the Big Three are catching up, offering equivalent platforms. Data Domain was little more than a startup when Slootman joined, employing just 20 people.

They’re followed by Apache Hive (11%) and Snowflake (10%). Muglia is a 20 year Microsoft veteran who was responsible for its $16 billion Windows Server, SQL Server, System Center and Azure. And some of that growth is coming out of the hides of Teradata and IBM according to my August 14 interview with CEO since April 2019, Frank Slootman, who provided the names of specific customers who switched from Teradata and IBM to Snowflake.