Snowflake Signs Multimillion-Dollar Deal With Goldman Sachs

Data warehouse platform Snowflake (NYSE: SNOW), whose initial public offering (IPO) last month took Wall Street by storm, inked a deal with banking behemoth Goldman Sachs (NYSE: GS) worth millions of dollars, according to a report from Bloomberg. The deal was the renewal of an existing contract signed in Snowflake's second quarter, which ended on July 31.

The cloud data management company integrates information from a variety of databases within an organization, allowing businesses to better analyze the data.

Image source: Getty Images.

Continue reading

Source Fool.com