Snowflake Gives Strong Sales Outlook With Focus on AI Adoption
Snowflake Inc. projected better-than-expected revenue growth for the fiscal year, sending an optimistic signal about the adoption of its recently launched products for artificial intelligence. The shares jumped in extended trading.Product revenue, which makes up the bulk of Snowflake’s business, will increase about 24% to $4.28 billion in the year ending January 2026, the company said Wednesday in a statementBloomberg Terminal. Analysts, on average, estimated $4.23 billion, according to data com...
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