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Home » Q3 Predictions for Salesforce, Workday, and Snowflake
Cloud Wars Minute

Q3 Predictions for Salesforce, Workday, and Snowflake

Bob EvansBy Bob EvansNovember 29, 2022Updated:December 12, 20222 Mins Read
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Welcome to the Cloud Wars Minute — your daily news and commentary show, hosted by Cloud Wars Founder Bob Evans. Each episode provides insights and perspectives around the “reimagination machine” that is the Cloud.

In this Cloud Wars Minute, Bob offers his predictions on the fiscal Q3 numbers for three companies — Salesforce, Workday, and Snowflake.

Highlights

00:21 — Bob shares his predictions for the fiscal Q3 — which ended on October 31 — numbers that Salesforce, Workday, and Snowflake will be giving in the upcoming days. These are not the final results.

00:51 — Projections for the product, subscription, and total revenue are:

  • Salesforce: Up 19% for a total revenue of $81.6 billion 
  • Workday: Up 20% for a total subscription revenue of $1.4 billion 
  • Snowflake: Up 61% for a total product revenue of $81.6 billion 

01:21 — Cloud investments are becoming indispensable – the rise in growth rates across all Cloud Wars Top 10 companies cannot be anywhere else in the economy.

02:05 — Salesforce has worked for over two decades to become the largest enterprise application developer – the company has achieved that. Since they are so large, it is very difficult to maintain growth rates above 25%.

02:34 — Workday has seen accelerated growth rates for the last several quarters, which Bob predicts will “tail off” but not because of the company’s weakness, but because companies are taking longer to make purchasing decisions.

02:51 — Over a year ago, Snowflake’s growth rate was over 100% for Q3. Last quarter, its growth rate was 83%. A prediction of a 61% growth rate indicates an ongoing and strong business.


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Bob Evans

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Cloud Wars

Areas of Expertise
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Cloud Wars Founder Bob Evans actively analyzes the Cloud and AI categories through video reports, in-depth analyses, and interviews with the Cloud and AI market’s leaders and innovators. He’s also the creator of the Cloud Wars Top 10, a ranking and ongoing analysis of the world's most influential tech companies driving digital business and the digital economy. Bob is recognized as a world-class strategic communicator focused on emerging business strategy, disruptive innovation, and forward-looking leadership.

  Contact Bob Evans ...

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