Snowflake, a data cloud company, released its financial results for the third quarter of fiscal 2025, ending October 31.

The company reported a revenue of US$942.1 million, marking a 28% rise from the previous year.

Product revenue for the quarter was US$900.3 million, showing a 29% increase year-on-year.

The net revenue retention rate stood at 127% by the end of the quarter.

Snowflake reported having 542 customers with over US$1 million in trailing 12-month product revenue.