By Denny Jacob


Snowflake Inc. reported higher revenue and narrower losses in its fourth quarter.

The company, which provides cloud data warehousing software, posted a net loss of $132.2 million, or per-share loss of 43 cents, in the fourth quarter compared with a net loss of $198.9 million, or per-share loss of 70 cents. Analysts polled by FactSet expected per-share loss of 50 cents.

Revenue rose to $383.8 million for the three months ended Jan. 31 from $190.5 million for the year-ago period. Analysts polled by FactSet expected $372.7 million.

Snowflake said it had 5,944 customers in the fourth quarter, up from 4,139 customers in the prior-year quarter. 184 customers accounted for more than $1 million in product revenue over the past 12 months.

"Snowflake finished fiscal 2022 with record-breaking consumption and bookings results, including triple-digit product revenue growth," Chief Executive Frank Slootman said in prepared remarks.


Write to Denny Jacob at denny.jacob@wsj.com


(END) Dow Jones Newswires

03-02-22 1631ET