Snowflake shares jumped 26% to $384 after the company reported a 37% rise in product revenue for the quarter, surpassing Wall Street expectations. Its updated outlook predicts $6.07 billion in product revenue for the fiscal year, fuelled by increased AI and cloud platform adoption.
Snowflake shares jumped 26% to $384 after the company reported a 37% rise in product revenue for the quarter, surpassing Wall Street expectations. Its updated outlook predicts $6.07 billion in product revenue for the fiscal year, fuelled by increased AI and cloud platform adoption.
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