Reported about 15 hours ago
Snowflake's shares jumped 13% in premarket trading following the company's better-than-expected earnings and a strong forecast driven by the rising demand for artificial intelligence products. The cloud software provider reported fiscal Q4 adjusted EPS of $0.30 and a 27% year-over-year revenue increase to $986.8 million, exceeding analyst expectations. Snowflake anticipates product revenue between $955 million and $960 million for the current quarter, indicating a significant growth trajectory.
Source: YAHOO