Snowflake finance veep says big corps migrate at a glacial pace

Snowflake's ability to grow in the market for larger enterprise customers is hampered by the renewal cycle for older, on-prem data warehouse and analytics tech. This is according to Jimmy Sexton, Snowflake's veep of finance, who was speaking at a conference run by investment bank Jefferies. He said that in its early years, the …

[ChrisElvidge]

"Snowflake's ability to grow in the market for larger enterprise customers is hampered by the renewal cycle for older, on-prem data warehouse and analytics tech."

You've got to love how these companies seem to regard their rights to new business are more important than their customers rights to their own business.

[Philo T Farnsworth]

I know it's largely out of fashion these days, but there are advantages to sitting tight and actually thinking about making changes rather than jumping on the latest shiny thing like a hyperactive Siamese cat¹.

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¹ Yes, I know that's redundant . . I share my abode with one. ADHD comes standard.

[Anonymous Coward]

"their rights ... are more important than their customers'"

Hell. They are called Snowflake after all.

[captain veg]

In my org some CV-finessor first persuaded the accountants to pay for Netezza, then some Redshift bollocks in AWS and latterly this Snowflake jobby. The Netezza thingy was, to be fair, pretty quick. And fatally expensive. The AWS wossname didn't come even close to the same performance, not surprising since the old doodah was strictly on-prem.

Now this melty cristal.

I'm a software dev, not a DB-guy, but my impression is that the web-based client is pretty good, and that the database performance is decidedly mediocre. But not totally unusable. It's been a long time since I set off a query and made a cup of coffee while it did its thing. This is a commonplace with Snowflake. Don't bleat about the bigness of the data, that's precisely what you are selling.

-A.

[cookiecutter]

SaaS provider upset they can't lock in bigger customers

God forbid that a company wants to plan long term & not lock themselves into a random venfor who might triple costs at a whim.when they know it's going to be a pain to get out...

[sketharaman]

Yet another Cloud Bro learns the harsh realities of onprem infra the hard way!

[Bryan W]

Born every minute

Running out of suckers, are we?