Snowflake announced its financial results for the first quarter of fiscal year 2025, which ended on April 30, 2024. The company's total revenue for the quarter was $828.7 million, representing a 33% year-over-year growth. Product revenue specifically reached $789.6 million, showing a 34% year-over-year increase. Snowflake's net revenue retention rate was 128% as of April 30, 2024. The company now has 485 customers with trailing 12-month product revenue exceeding $1 million, a 30% year-over-year growth. They also have 709 Forbes Global 2000 customers, an 8% year-over-year increase. Remaining performance obligations (RPO) totaled $5.0 billion, a 46% year-over-year growth. The company intends to acquire technology assets and hire key employees from TruEra, an AI observability platform.