Latest news with #datawarehousing
Bloomberg
2 days ago
- Business
- Bloomberg
Databricks Eyes $1 Billion Sales for Data Warehousing Product
Databricks Inc., a software provider among the most valuable startup companies, said its data warehousing business is on track to nearly double in size this year, and it's launching a new database product that it hopes will follow a similar growth trajectory. The company expects $1 billion in revenue run rate for Databricks SQL by the end of its fiscal year in January 2026, a spokesperson said. That's up from a $600 million run rate in December 2024. Used for storing and analyzing data, Databricks SQL is the company's product that competes most directly with Snowflake Inc.
Forbes
20-05-2025
- Business
- Forbes
Buy Snowflake Stock As AI Set To Power Earnings?
The leading cloud data warehousing company Snowflake (NYSE:SNOW) is scheduled to announce its Q1 FY'26 (quarter ending April 2025) earnings on May 21, reflecting a quarter where the organization is expected to continue capitalizing on its initiative to provide artificial intelligence tools to its clients. It is anticipated that revenues will increase by 21% year-over-year to around $1 billion, according to consensus estimates, while adjusted earnings are forecasted at $0.21 per share, which represents a 50% year-over-year rise. Snowflake has been enhancing its AI capabilities through strategic moves, including a multiyear partnership with Anthropic and the acquisition of AI startup Datavolo. By merging these AI capabilities with the company's core data warehousing platform, Snowflake is simplifying the process for clients to create and operate AI applications without relocating their data across systems. This close integration has the potential to save clients time and lessen overall complexity. Snowflake has projected product revenues to fall between $955 million to $961 million for the quarter. The company currently holds a market capitalization of $61 billion. Revenue for the past twelve months was $3.6 billion, and it incurred operational losses of $-1.5 billion along with a net income of $-1.3 billion. However, if you are looking for growth with reduced volatility compared to individual stocks, the Trefis High Quality portfolio offers an alternative, having outperformed the S&P 500 and delivered returns exceeding 91% since its inception. View earnings reaction history of all stocks Here are some insights regarding one-day (1D) post-earnings returns: Additional information regarding 5-Day (5D) and 21-Day (21D) returns post earnings is summarized, along with the statistics in the table below. 1D, 5D and 21D Forward Returns Trefis A relatively lower-risk strategy (though not effective if the correlation is weak) is to investigate the correlation between short-term and medium-term returns following earnings, identify the pair with the highest correlation, and execute the corresponding trade. For instance, if 1D and 5D display the most significant correlation, a trader may choose to position themselves 'long' for the next 5 days if the 1D post-earnings return is positive. Here is some correlation data derived from both a 5-year and a 3-year (recent) history. Note that the correlation 1D_5D denotes the relationship between 1D post-earnings returns and subsequent 5D returns. Correlation between post earning returns Trefis Occasionally, the performance of peers can influence post-earnings stock responses. Indeed, the market adjustment may commence prior to the earnings announcements. Here are some historical insights on the post-earnings performance of Snowflake stock in comparison to the stock performance of peers that reported earnings just before Snowflake. For a fair comparison, peer stock returns also reflect post-earnings one-day (1D) returns. Correlation with peer returns Trefis Discover more about Trefis RV strategy that has outperformed its all-cap stocks benchmark (a combination of all three, the S&P 500, S&P mid-cap, and Russell 2000), providing substantial returns for investors. In addition, if you are interested in growth with a more stable performance than an individual stock like Snowflake, consider the High Quality portfolio, which has surpassed the S&P and achieved >91% returns since its inception.
Yahoo
18-05-2025
- Business
- Yahoo
Offsoar Revolutionizes Data Management with Comprehensive Offshore Warehousing and Consulting Services
Torrance, May 18, 2025 (GLOBE NEWSWIRE) -- Torrance, California - Offsoar is rolling out a fresh initiative focused on changing the game for offshore data warehousing. This move is set to help businesses manage their data storage effectively while keeping costs under control. By teaming up with Offsoar, companies gain access to a wide range of services designed around their unique data needs. In today's competitive world, data management is becoming crucial for staying efficient. Offsoar provides flexible and scalable options that can adapt to what each client requires. Their offshore data warehousing services enable companies to handle large amounts of data securely without the expensive overheads linked to traditional storage methods. Deepinder Singh of Offsoar said, "Our services are designed to meet the growing demand for efficient data management in today's digital age. By offering tailored solutions, we enable companies to benefit from high-quality data processing and storage without the hefty price tag." He stressed that Offsoar puts client needs first, making sure each partner gets a personalized approach to data warehousing. More about Offsoar's strategic approach can be found through the resources provided on their main website. When it comes to finding skilled people to handle complex data tasks, Offsoar is ready to help companies hire data engineers. Their team of experts assists in smoothing out data processes, which in turn boosts efficiency and decision-making. With Offsoar's backing, organizations can integrate cutting-edge technology to further improve their data strategies, learn more specifically about their capabilities in artificial intelligence, machine learning, and natural language processing from their website dedicated to such innovative solutions. Security is top of mind for businesses moving their data tasks offshore, and Offsoar tackles this head-on with strict protocols to safeguard client information. These protections ensure confidentiality and the integrity of data, which reassures companies as they transition to offshore solutions. In a world where technology is always on the move, the need for strong data management keeps growing. Offsoar is set to lead by providing tools that give businesses the confidence and ease they need to manage data. As companies expand, their need for advanced data handling grows, making Offsoar's services key in facing these challenges. Deepinder Singh noted, "The ever-growing amount of data collected and analyzed by businesses today requires robust systems that are both secure and efficient. Offsoar's services empower companies by providing the expertise and infrastructure necessary to tackle these challenges." He believes Offsoar's data warehousing approach is vital for helping clients stay competitive. Offsoar's plan is straightforward: they offer cost-effective and secure solutions that excel in data management, backed by a skilled team of data engineers. This allows businesses not only to cut costs but also to focus on their main goals without worrying about data storage issues. To learn more about how Offsoar can assist, companies should visit their website or get in touch directly. With promises of personalized solutions and exceptional support in offshore data warehousing, Offsoar invites interested parties to contact them for further information. By refining data management solutions, Offsoar helps businesses smoothly achieve their operational goals. Those curious about Offsoar's services and potential benefits can find more details in the "Contact Us" section on Offsoar's website, where they offer additional resources and support. By visiting their site, clients can access further information on their extensive product development, design, and technological service offerings. ### For more information about Offsoar, contact the company here:OffsoarDeepinder Singh+1-310-424-9042sales@ CA 90504 CONTACT: Deepinder SinghError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18-05-2025
- Business
- Yahoo
Offsoar Revolutionizes Data Management with Comprehensive Offshore Warehousing and Consulting Services
Torrance, May 18, 2025 (GLOBE NEWSWIRE) -- Torrance, California - Offsoar is rolling out a fresh initiative focused on changing the game for offshore data warehousing. This move is set to help businesses manage their data storage effectively while keeping costs under control. By teaming up with Offsoar, companies gain access to a wide range of services designed around their unique data needs. In today's competitive world, data management is becoming crucial for staying efficient. Offsoar provides flexible and scalable options that can adapt to what each client requires. Their offshore data warehousing services enable companies to handle large amounts of data securely without the expensive overheads linked to traditional storage methods. Deepinder Singh of Offsoar said, "Our services are designed to meet the growing demand for efficient data management in today's digital age. By offering tailored solutions, we enable companies to benefit from high-quality data processing and storage without the hefty price tag." He stressed that Offsoar puts client needs first, making sure each partner gets a personalized approach to data warehousing. More about Offsoar's strategic approach can be found through the resources provided on their main website. When it comes to finding skilled people to handle complex data tasks, Offsoar is ready to help companies hire data engineers. Their team of experts assists in smoothing out data processes, which in turn boosts efficiency and decision-making. With Offsoar's backing, organizations can integrate cutting-edge technology to further improve their data strategies, learn more specifically about their capabilities in artificial intelligence, machine learning, and natural language processing from their website dedicated to such innovative solutions. Security is top of mind for businesses moving their data tasks offshore, and Offsoar tackles this head-on with strict protocols to safeguard client information. These protections ensure confidentiality and the integrity of data, which reassures companies as they transition to offshore solutions. In a world where technology is always on the move, the need for strong data management keeps growing. Offsoar is set to lead by providing tools that give businesses the confidence and ease they need to manage data. As companies expand, their need for advanced data handling grows, making Offsoar's services key in facing these challenges. Deepinder Singh noted, "The ever-growing amount of data collected and analyzed by businesses today requires robust systems that are both secure and efficient. Offsoar's services empower companies by providing the expertise and infrastructure necessary to tackle these challenges." He believes Offsoar's data warehousing approach is vital for helping clients stay competitive. Offsoar's plan is straightforward: they offer cost-effective and secure solutions that excel in data management, backed by a skilled team of data engineers. This allows businesses not only to cut costs but also to focus on their main goals without worrying about data storage issues. To learn more about how Offsoar can assist, companies should visit their website or get in touch directly. With promises of personalized solutions and exceptional support in offshore data warehousing, Offsoar invites interested parties to contact them for further information. By refining data management solutions, Offsoar helps businesses smoothly achieve their operational goals. Those curious about Offsoar's services and potential benefits can find more details in the "Contact Us" section on Offsoar's website, where they offer additional resources and support. By visiting their site, clients can access further information on their extensive product development, design, and technological service offerings. ### For more information about Offsoar, contact the company here:OffsoarDeepinder Singh+1-310-424-9042sales@ CA 90504 CONTACT: Deepinder SinghError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
