Snowflake's growth among large enterprise customers faces a significant bottleneck tied to the sluggish replacement cycles of existing on-premises data warehouse systems, according to finance vice president Jimmy Sexton. Speaking at a Jefferies conference, Sexton explained that while the cloud data company secured two deals worth more than million each in the financial services sector during its latest quarter, such migrations unfold over multiple years as "cumbersome projects." of this story at Slashdot. #snowflake #finance #says #big #companies