Snowflake Drives AI Integration: 32% Revenue Increase, a Growing Customer Base and Strong Product Demand Raise the Forecast to $4.4 Billion
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Shares of Snowflake Inc. surged significantly in after-hours trading after the company presented an outlook that exceeded expectations. This countered widespread concerns that traditional software providers might suffer from an economic slowdown and the rise of new AI specialists. Specifically, Snowflake raised its product revenue forecast for the current fiscal year (FY 2026) to around $4.4 billion, surpassing the market consensus of about $4.34 billion. The outlook reflects the persistently strong demand for data and AI workloads. Quarterly...
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