Snowflake (NYSE: SNOW)
Snowflake offers a cloud platform for data storage and allows for data analysis to gain insights across simultaneous data sets with low lag and minimal latency. The company reported a strong set of earnings for its fiscal 2025 (FY2025) ending 31 January 2025. Revenue improved by 29.2% year on year to US$3.6 billion. Gross profit did better, rising by 33.4% year on year to US$2.4 billion. Snowflake’s gross margin increased from 64.4% in FY2024 to 66.5% in FY2025....Technology stocks have benefitted from the surge in digitalisation and the advent of generative artificial intelligence.
Investors who are looking for promising growth stocks can look at one particular subset of this sector – software-as-a-service (SaaS) businesses.
SaaS companies offer a cloud platform that delivers a range of subscription-based services to their customers.
Such businesses enjoy good revenue visibility as customers sign long-term contracts to utilise these services.
We feature five fast-growing US SaaS companies that you can consider adding to your buy watchlist.
