New York — A blistering rally in the shares of cloud-computing company Snowflake continued on Tuesday, sending its market valuation above IBM and Advanced Micro Devices .
IBM, which is projected to generate about $74bn in revenue in 2020, has a market cap of $112bn, while AMD, with nearly $10bn in projected sales, weighs in at $111bn. Snowflake revenue is estimated to be $578.2m in its current fiscal year which ends at the end of January. That has helped make CEO Frank Slootman one of the best-paid technology executives. A compensation package he received upon joining Snowflake in April 2019 awards him a batch of options every month — for four years — that are now worth more than $108m each, or about $1.3bn annually. Slootman’s pay includes more than 13.7-million options with a strike price of $8.88.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Two years on, Xiaomi’s market value shoots past its $100bn IPO targetChinese smartphone maker reported in November its fastest quarterly sales growth phanito_m
Fonte: BDliveSA - 🏆 12. / 63 Consulte Mais informação »
Asian stocks slip as virus worries counter vaccine hopeMost markets retreat as nations grapple with surging infection numbers
Fonte: BDliveSA - 🏆 12. / 63 Consulte Mais informação »
Asian stocks slip as virus worries counter vaccine hopeMost markets retreat as nations grapple with surging infection numbers
Fonte: BDliveSA - 🏆 12. / 63 Consulte Mais informação »