Microsoft has expanded its partnership with Snowflake.
Takeaway Points
- Microsoft has expanded its partnership with Snowflake.
- The two companies are working to enable OneLake to support Iceberg alongside Delta Lake.
- On May 22, 2024, Snowflake also announced its financial results for its first quarter of fiscal 2025, ended April 30, 2024.
- Snowflake said that it wants to acquire certain technology assets and hire key employees from TruEra, an AI observability platform.
Microsoft and Snowflake
The tech giant Microsoft announced on Wednesday that it has expanded its partnership with Snowflake, the AI data cloud company. With this integration, users will be able to work with a single copy of their data across Snowflake and Fabric, regardless of whether the data is stored using Delta Lake or Iceberg format, Microsoft said.
“Microsoft is excited to announce an expanded partnership with Snowflake, marking a significant step forward in our commitment to providing customers with a seamless data experience. This will enable bi-directional data access between Snowflake and Microsoft Fabric, ensuring more efficient and flexible data management,” Microsoft said.
Christian Kleinerman, Executive Vice President of Product at Snowflake said in a comment, “We’ve heard from many of our mutual customers that they want increased interoperability across Snowflake and Fabric in a seamless, cost-efficient manner. As both Snowflake and Microsoft are firm believers in open standards, we see our joint support for Apache Iceberg as an opportunity to offer customers choice when it comes to how and where they interact with their data.”Â
The expanded partnership
According to the report, the two companies are working to enable OneLake to support Iceberg, alongside Delta Lake. This will be done using the Apache XTable project that both Microsoft and Snowflake are committed to: Snowflake will be able to store data in Iceberg format in OneLake; Data written by either platform, Snowflake or Fabric, will be available in both Iceberg and Delta Lake formats through XTable translation in OneLake; Snowflake will be able to read any Fabric data artifact in OneLake, stored physically or virtually through shortcuts; Snowflake data items will light up experiences in any of the Fabric engines as well as Microsoft 365, Microsoft Azure AI Studio, and Copilot for Microsoft 365.Â
SNOWFLAKE REPORTS FINANCIAL RESULTS FOR THE FIRST QUARTER OF FISCAL 2025
On May 22, 2024, Snowflake announced its financial results for its first quarter of fiscal 2025, ended April 30, 2024.
According to the AI Data Cloud Company, its revenue for the quarter was $828.7 million, representing 33% year-over-year growth. Product revenue for the quarter was $789.6 million, representing 34% year-over-year growth. The net revenue retention rate was 128% as of April 30, 2024.Â
The company now has 485 customers with trailing 12-month product revenue greater than $1 million and 709 Forbes Global 2000 customers, representing 30% and 8% year-over-year growth, respectively. The remaining performance obligations were $5.0 billion, representing 46% year-over-year growth, the report stated.
Sridhar Ramaswamy, CEO of Snowflake, said, “We finished our first quarter with strong performance across many of our key metrics. Product revenue was up 34% year-over-year at nearly $790 million, while remaining performance obligations were $5.0 billion, up 46% year-over-year. Our core business is very strong. Our AI products, now generally available, are generating strong customer interest. They will help our customers deliver effective and efficient AI-powered experiences faster than ever.”
Snowflake said that it wants to acquire certain technology assets and hire key employees from TruEra, an AI observability platform.
