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Snowflake denies platform breach following ASOS hacking claims

TIKR ·

SNOW Snowflake Inc
$343.40 +3.17%
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  1. 1Snowflake stated that an investigation found no evidence of a breach on its platform.
  2. 2ASOS shares fell 10% during morning trading on October 6.
  3. 3Snowflake achieved a net revenue retention rate of 126% for the July quarter.

So what's the key point?

Snowflake stated there were no issues with its platform, contrary to claims of a hack. While ASOS shares dropped 10%, Snowflake's revenue retention rate reached 126%.

Source TIKR · View original ↗

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