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Snowflake feels the pinch of tightened cloud spend

May 25, 2023

Via: CIO Dive

While the data cloud company’s software are platform agnostic, its data storage and analytics solutions depend on cloud, a category of enterprise IT spend that came under greater scrutiny as rising inflation and interest rate hikes shook confidence in the economy.

In March, Snowflake extended an existing multiyear partnership with AWS around industry cloud verticals. At the time, the company reported that 84% of its customers had AWS deployments.

AWS, the cloud market leader, has repeatedly pledged to help its customers control cost through optimizing current workloads.

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