Snowflake (SNOW) Projects Strong Sales Growth With Focus on AI Products
Snowflake Inc. gave a sales outlook for the current quarter that beat estimates, suggesting that new artificial intelligence-oriented products can help accelerate growth. Product revenue — which makes up the bulk of Snowflake’s business — will be $805 million to $810 million in the period ending in July, the company said Wednesday in a statement. Analysts, on average, predicted $787.5 million, according to data compiled by Bloomberg. The company also raised its fiscal year product sales forecast...
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