snowflake becomes database of the year
In 2021, snowflake becomes the database of the year according to the popularity statistics of DB-engine. The standard for the annual database is very simple, that is, the database with the most new popularity. DB-Engine's interpretation of the 2021 annual database is:
Snowflake is the database management system that gained more popularity in our DB-Engines 1Ranking within the last year than any of the other 383 monitored systems.We thus declare Snowflake as the DBMS of the Year 2021.
PostgreSQL, MongoDB, MySQL, Oracle, SQL Server, and snowflake are all well-known databases that have passed the annual database, but snowflake is especially worth mentioning:
Snowflake's current stock market value is also very high, and it is a Buffett concept stock. The success of snowflake has also directly driven a series of start-up companies in the database field to record high market capitalization, such as cockroach DB, TiDB, neo4j, confluent, databricks and so on. They are all tens to tens of billions of dollars, which has never been done before.
Interpretation of MongoDB Q3 financial report
Another successful cloud database vendor is MongoDB, which has risen from US$1.7 billion when it was just listed to US$20-30 billion now. The core reason why investors continue to be optimistic is that MongoDB's Altas cloud service has maintained relatively high-speed growth.
Some time ago, MongoDB announced its FY22 Q3 financial report. The annual revenue growth was 58% faster than that of the previous quarter, and the loss of EPS -0.11 was lower than the expected -0.38. Revenue at Atlas, the main cloud-based data service, rose 84%. The company raised its guidance for the whole year. The revenue of Q4 reached 242 million, and the operating loss was -11M, both of which were better than expected. Some specific numbers can be quickly seen:
Customer growth
Category proportion
Q3 revenue is 226.9 million, total number of customers is 31,000 customers, subscription fee: $217.9 million, service fee: $9.0 million; Year-over-Year; 58%
There are 29,500 customers on the cloud, and the Altas subscription fee accounts for 66%, which is 143.814 million, and the average customer unit price is 1625 dollar / month. Customers focus on both ends. There are many small customers and the fees are not high.
The enterprise version is only 34%, and altas takes the lead.
There are 3,900 direct sales customers (including enterprise version and cloud customers), but they account for 85% of the revenue; the proportion of direct sales has increased, and the Q2 CEO has an interpretation of the market, focusing on high-value customers. It seems that the strategy is very effective, but this Does it mean that customer acquisition is slower? The general drivers of future growth are weakening and unknown.
Hidden worries about talent hollowing out of cloud service database vendors
Represented by MongoDB and Snowflake, these third-party cloud database PaaS vendors have met the customer's multi-cloud demands at their core, and just happened to meet the hot period of the enterprise service track. The ever-increasing valuation makes the options of these manufacturers more and more valuable, and also directly or indirectly attracts database practitioners from various major manufacturers to directly join start-up companies or simply start up a company by themselves. In addition to the recent anti-monopoly in China, the loss of middle and high-level management of large Internet companies such as Ali and Tencent is very serious, and there are signs of talent hollowing out. It is worth observing how it will develop in the future.