Snowflake: Data Platform Enhances Companies' AI Potential - Strong Momentum With Major Customers in Q1!
Reading Time: 4 minutes
Snowflake supports companies in consolidating their data platform and creating AI applications. The market is expected to grow to $342 billion by 2028. Innovation speed in product offerings has doubled year-over-year. Opportunities are expected to be utilized in the public sector and manufacturing industry. Major clients are renewing their contracts, and remaining performance obligations rose by 34% to $6.7 billion. Product revenues are projected to grow by 25% in fiscal year 2026, with the operating margin increasing from 6% to 8%....
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