Snowflake said its first-quarter product revenue will total between $745 million and $750 million, compared to analysts' estimates of $759 million, per StreetAccount.
The company said adjusted operation margin in the first quarter will be 3%, below the 7.2% analysts expected.
mitigate C-suite uncertainty," the analysts wrote to investors in a Thursday memo.
The company shut down its product and was acquired by Snowflake for $185 million last year.
Before Slootman's tenure, Snowflake was helmed by former Microsoft executive Bob Muglia until his sudden ousting in April 2019.
Persons:
Snowflake, Frank Slootman, Sridhar Ramaswamy, Slootman, Morgan Stanley, Ramaswamy, Bob Muglia, — CNBC's Michael Bloom, Jonathan Vanian
Organizations:
Google, Macquarie Equity Research, Microsoft, CNBC PRO
Locations:
Snowflake