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Top related persons:
Snowflake - 1 Chris Taylor - 1 NRR - 1 Wall - 1 Snowflake's NRR - 1 Aidan Viggiano - 1 Mike Scarpelli - 1 Sridhar Ramaswamy - 1
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Snowflake U.S Twilio Berlin
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New York Stock Exchange - 1 NYSE - 1 Nasdaq - 1 Representatives - 1 TechCrunch - 1 Berlin - 1 Bank of America - 1 CNBC PRO - 1

Search resuls for: "NRR"


2 mentions found


☆ Cloud software buyers are getting frugal, leading to slower growth at former highfliers
  + stars: | 2024-03-19 | by ( Jordan Novet | ) www.cnbc.com   time to read: +3 min
In 2020, as data analytics software vendor Snowflake was hitting the public market, one of the key stats it was touting to investors was net revenue retention. Snowflake's NRR at the time was 158%, meaning its existing customer base from a year earlier had increased its total spend by 58%. "More pressure on churn (as companies look to reduce point solutions in favor of platforms) and more difficult upsells have pushed net retention down," Ball added. Twilio , which sells cloud-based communications software, reported NRR of 102% in February, with just 5% year-over-year revenue growth. Almost all of Twilio's revenue comes from its division that contains technology for sending text messages and emails.
Persons: Snowflake, Chris Taylor, NRR, Wall, Snowflake's NRR, Aidan Viggiano, Mike Scarpelli, Sridhar Ramaswamy, Frank Slootman Organizations: New York Stock Exchange, NYSE, Nasdaq, Representatives Locations: Snowflake, U.S, Twilio
☆ UiPath stock spikes more than 20% after earnings beat, generative AI integration
  + stars: | 2023-12-01 | by ( Jake Piazza | In | ) www.cnbc.com   time to read: +2 min
Co-founder and CEO of UiPath Daniel Dines speaks on stage at TechCrunch Disrupt Berlin 2019 at Arena Berlin in Berlin on Dec. 12, 2019. UiPath stock popped more than 20% on Friday, one day after the company released quarterly earnings that beat Wall Street's top- and bottom-line expectations. UiPath also raised its fourth-quarter and full-year fiscal 2024 outlook for annual recurring revenue. For companies like UiPath that are reliant on subscriptions, annual recurring revenue is an important metric that reveals how much money a company receives on a recurring basis. "The weaving of Generative AI into its broadened automation platform, is driving strong adoption amongst enterprises," the analysts wrote.
Persons: UiPath Daniel Dines, UiPath, Davidson, — CNBC's Michael Bloom Organizations: TechCrunch, Berlin, Bank of America, CNBC PRO Locations: Berlin
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