Reported 2 days ago
Snowflake Inc. (NYSE:SNOW) experienced a significant share price increase of 21.26% week-over-week, driven by strong second-quarter earnings and an optimistic growth outlook for the upcoming third quarter. The company reported a reduction in its net loss and a 32% year-on-year revenue growth, reaching $1.14 billion. CEO Sridhar Ramaswamy highlighted the company's strong customer base and opportunities for further expansion in data and AI solutions.
Source: YAHOO