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in Tech

Cloud software buyers are getting frugal, leading to slower growth at former highfliers

by Editor March 19, 2024, 1:31 pm 2k Views

Cloud software buyers are getting frugal, leading to slower growth at former highfliers

The New York Stock Exchange welcomes Snowflake to usher in the first day of winter on Dec. 21, 2021. To honor the occasion, Snowflake the Bear, joined by Chris Taylor, vice president of NYSE Listings and Services, rings the opening bell.

NYSE

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…

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