Snowflake CEO Sridhar Ramaswamy, in an interview with CNBC’s Jim Cramer, stated that the major cyber attack earlier this year has not significantly impacted the company’s core business. He emphasized that the breach mainly affected customers without multifactor authentication and assured that Snowflake's platform remains secure. Snowflake’s shares dropped nearly 8% in after-hours trading. Ramaswamy dismissed concerns about a lower operating margin, highlighting the company’s ongoing investments in growth areas like engineering and sales.
Category
🗞
NewsTranscript
00:00It's Benzinga, and here's what's on the block.
00:03Snowflake CEO Sridhar Ramaswamy, in an interview with CNBC's Jim Cramer, stated that the
00:07major cyberattack earlier this year has not significantly impacted the company's core
00:11business.
00:12He emphasized that the breach mainly affected customers without multi-factor authentication,
00:17and assured that Snowflake's platform remains secure.
00:20Snowflake's shares dropped nearly 8% in after-hours trading.
00:24Ramaswamy dismissed concerns about a lower operating margin, highlighting the company's
00:27ongoing investments in growth areas like engineering and sales.
00:30For all things money, visit Benzinga.com.