“I wish the moderates in the House success,” McConnell said. The GOP leader supported the nearly $1tn bill that passed the Senate earlier this month, but is planning to lead Senate Republicans in lockstep against Biden’s infrastructure agenda. “I’m pulling for them,” he added. “We’re doing our part.” Despite hours of negotiations at the Capitol, the House chamber came to a standstill and plans were thrown into flux late on Monday as leaders and lawmakers sought to broker an agreement. Shortly after midnight, leaders announced no further votes would be taken until Tuesday’s session. Pelosi sought to sidestep the issue by persuading lawmakers to take a procedural vote to simply start the process and save the policy fight for the months ahead, when they will be crafting and debating details within the full $3.5tn budget proposal. But it soon became clear moderates were not on board and a series of private sessions were convened for further discussion, including in Pelosi’s office. At one point, bags of takeout food were delivered. Nine moderate Democrats signed onto a letter late last week raising their objections to pushing ahead with Biden’s broader infrastructure proposal without first considering the smaller public works plan that passed the Senate. Other moderates raised similar concerns in recent days. “I’m bewildered by my party’s misguided strategy to make passage of the popular, already-written, bipartisan infrastructure bill contingent upon passage of the contentious, yet-to-be-written, partisan reconciliation bill,” wrote Stephanie Murphy from Florida, a leader of the centrist Blue Dog caucus, in the Orlando Sentinel. With most of Biden’s domestic agenda at stake, it’s unimaginable that Pelosi would allow defeat. The budget package is stocked with priorities like childcare, paid family leave and a Medicare expansion that are hard-fought party goals. The budget resolution will set the stage for further legislation and committees are at work drafting how that money would be spent on the social safety net, environment and other programs over the next decade. The budget measure is at the heart of Biden’s “Build Back Better” vision and is progressives’ top priority, largely financed with tax increases on the resource rich and big business. Progressives signaled early on they wanted the budget priorities before the smaller package.

https://www.theguardian.com/us-news/2021/aug/24/biden-budget-plan-democrats-moderates-progressives-pelosi-capitol-talks

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Remaining performance obligations (RPO) represent the amount of contracted future revenue that has not yet been recognized, including both deferred revenue and non-cancelable contracted amounts that will be invoiced and recognized as revenue in future periods. RPO excludes performance obligations from on-demand arrangements and certain time and materials contracts that are billed in arrears. RPO is not necessarily indicative of future product revenue growth because it does not account for the timing of customers’ consumption or their consumption of more than their contracted capacity. Moreover, RPO is influenced by a number of factors, including the timing of renewals, the timing of purchases of additional capacity, average contract terms, seasonality, and the extent to which customers are permitted to roll over unused capacity to future periods, generally upon the purchase of additional capacity at renewal. Total Customers. We count the total number of customers at the end of each period. For purposes of determining our customer count, we treat each customer account, including accounts for end-customers under a reseller arrangement, that has at least one corresponding capacity contract as a unique customer, and a single organization with multiple divisions, segments, or subsidiaries may be counted as multiple customers. For purposes of determining our customer count, we do not include customers that consume our platform only under on-demand arrangements. Our customer count is subject to adjustments for acquisitions, consolidations, spin-offs, and other market activity. Net Revenue Retention Rate. To calculate net revenue retention rate, we first specify a measurement period consisting of the trailing two years from our current period end. Next, we define as our measurement cohort the population of customers under capacity contracts that used our platform at any point in the first month of the first year of the measurement period. We then calculate our net revenue retention rate as the quotient obtained by dividing our product revenue from this cohort in the second year of the measurement period by our product revenue from this cohort in the first year of the measurement period. Any customer in the cohort that did not use our platform in the second year remains in the calculation and contributes zero product revenue in the second year. Our net revenue retention rate is subject to adjustments for acquisitions, consolidations, spin-offs, and other market activity. Since we will continue to attribute the historical product revenue to the consolidated contract, consolidation of capacity contracts within a customer’s organization typically will not impact our net revenue retention rate unless one of those customers was not a customer at any point in the first month of the first year of the measurement period. Customers with Trailing 12-Month Product Revenue Greater than $1 Million. To calculate the number of customers with trailing 12-month product revenue greater than $1 million, we count the number of customers under capacity arrangements that contributed more than $1 million in product revenue in the trailing 12 months. Our customer count is subject to adjustments for acquisitions, consolidations, spin-offs, and other market activity. This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding our performance, including but not limited to statements in the section titled "Financial Outlook." The forward-looking statements contained in this release and the accompanying oral presentation are subject to known and unknown risks, uncertainties, assumptions, and other factors that may cause actual results or outcomes to be materially different from any future results or outcomes expressed or implied by the forward-looking statements. These risks, uncertainties, assumptions, and other factors include, but are not limited to, those related to our business and financial performance, the effects of COVID-19 or other public health crises on our business, results of operations, and financial condition, our ability to attract and retain customers, our ability to develop new products and services and enhance existing products and services, our ability to respond rapidly to emerging technology trends, our ability to execute on our business strategy, including our strategy related to the Data click here now Cloud, our ability to increase and predict customer consumption of our platform, our ability to compete effectively, and our ability to manage growth.

https://finance.yahoo.com/news/snowflake-reports-financial-results-second-200500561.html