11 months ago
Snowflake Focuses on India as a Key Growth Engine
Snowflake, a company that helps businesses manage data, is putting a lot of effort into India.
The company's revenue is growing fast in the Asia-Pacific and Japan region.
In India, Snowflake sees strong growth in areas like consumer goods, SMEs, and logistics.
Snowflake wants to grow even bigger and plans to invest in more partners and use AI to boost sales and customer service.
The company made $3.4 billion last year and wants to make $10 billion in the next three years.
Snowflake sees India as its fastest-growing market within the APJ region.
APJ region reported $64.4 million in product revenue in Q2FY26, with 52.3% year-over-year growth.
Snowflake has nearly 700 employees in India.
The company is targeting $10 billion in annual product revenue within the next three years.
Snowflake aims to grow north of 30% and focuses on expanding use cases with existing and new customers.
- Who
- Snowflake, an AI Data Cloud company.
- What
- Snowflake is focusing on India as a key growth market in the Asia-Pacific and Japan (APJ) region.
- Where
- India and the APJ region.
- When
- Q2FY26.
- Why
- India is Snowflake's fastest-growing market and they aim to achieve a $10 billion revenue goal.
Key facts
- Company
- Snowflake
- India Growth
- Fastest-growing market in APJ
- APJ Revenue (Q2FY26)
- $64.4 million
- APJ Growth (Q2FY26)
- 52.3% year-over-year
- Snowflake Employees in India
- Nearly 700
- Global Revenue Goal
- $10 billion in annual product revenue within 3 years
- FY25 Revenue
- $3.4 billion
- FY26 Revenue Guidance
- $4.2 billion
Quotes
Mike Gannon
Snowflake's Chief Revenue Officer
“We will continue to grow the company north of 30%. A big part of the path to $10 billion is organic growth, but with new customer acquisition and expanding the use cases of existing customers.”
thehindubusinessline.com
“We have a good base of customers in APJ, and specifically in India, we’re seeing a good attraction. India has the fastest-growing economy, making it our fastest-growing region.”
thehindubusinessline.com
