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.
