Today in 3 minutes or less:

1. Snowflake Reports Strong Q1 FY25 Financial Results ($SNOW)

2. Palo Alto Networks reported a 15% revenue increase for fiscal Q3 2024 ($PANW)

3. Recap of PayPal ($PYPL) Positive Account and Activity Metrics for Q1 2024

4. ESG News of the Day: EA SPORTS FC™ FUTURES Partners with UNICEF, Impacting 170,000 People in Year One ($EA)

5. Video of the day: This Isn’t Sci-Fi. This Is Precision AI™.

1. Snowflake Reports Strong Q1 FY25 Financial Results ($SNOW)

• Revenue and Growth:

  • Q1 revenue of $828.7 million, up 33% year-over-year.

  • Product revenue reached $789.6 million, a 34% increase from last year.

• Customer Metrics:

  • 485 customers generating over $1 million in trailing 12-month product revenue, up 30% year-over-year.

  • 709 Forbes Global 2000 customers, reflecting 8% growth.

Source: Snowflake Inc. 

2. Palo Alto Networks reported a 15% revenue increase for fiscal Q3 2024 ($PANW)

• Revenue Growth: Fiscal Q3 2024 revenue increased by 15% year over year to $2.0 billion.

• Performance Obligation: Remaining performance obligation grew 23% year over year to $11.3 billion.

• Profitability: Non-GAAP operating margin improved by 200 basis points to 26%.

• Earnings: Non-GAAP net income reached $454.9 million, or $1.32 per diluted share.

Source: Palo Alto Networks

3. Recap of PayPal ($PYPL) Positive Account and Activity Metrics for Q1 2024

• Active Accounts: Increased by 0.4% (+2M) sequentially, driven by lower churn and growth in merchant and consumer accounts.

• MAA Growth: Monthly active accounts grew by 2%, driven by Venmo and PayPal consumer accounts.

• Seasonal Impact: MAA declined by 1.5% sequentially due to normal holiday seasonality.

• Transaction Growth: TPA increased by 13%, primarily from Braintree transactions

Source: PayPal Holdings, Inc.

4. ESG News of the Day: EA SPORTS FC™ FUTURES Partners with UNICEF, Impacting 170,000 People in Year One ($EA)

• 170,000 People Reached: FC FUTURES opened up grassroots football to over 170,000 individuals globally.

• New Namibia Futures Program: Partnering with UNICEF to impact 46,000 children and adolescents in Namibia.

• Infrastructure and Equipment Support: Developed 11 pitches, provided 12,000+ footballs, and additional equipment.

• Global Collaborations: Partnered with UEFA, Premier League, LA LIGA, and more to drive impactful programs.

Source: Electronic Arts Inc.

5. Video of the day: This Isn’t Sci-Fi. This Is Precision AI™.

Short updates on your favorite stocks/markets

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• Homeowners hit pause on remodels as costs get 'just ridiculous'. YF

• Norfolk Southern agrees to $310 million federal settlement over Ohio train derailment. CNBC

• Google to make Pixel phones and drones in India. BBC

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