Gerstner reports Snowflake beat consensus with 33% growth versus 27% expected and raised full year guidance.
“33% growth, accelerating growth versus consensus of 27% growth. They took up their full year guide by more than their q one beat.”
Gerstner reports Microsoft expects Azure revenue to accelerate despite already growing 34% on a $66 billion base.
“Microsoft, which is on $66,000,000,000 run rate at Azure, has said they expect q one and q two Azure revenue to accelerate. Think about that, Bill. Azure is growing at 34% on a $66,000,000,000 base,”
Gerstner reports Satya Nadella told him Copilot is Microsoft's fastest growing product ever, beating Windows and Office.
“Satya, the CEO of Microsoft, who I saw last week, said to me that Copilot is the fastest growing product in the history of Microsoft.”
Gerstner dismisses valuation concerns for Snowflake at 100x forward sales given 100%+ growth in strategic software category.
“No growth investor would listen to that and think that there's anything unusual about a company growing well over a 100% in the most strategic location of all of software.”
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