Reported about 8 hours ago
Snowflake's stock rose 14% in premarket trading following the release of impressive second-quarter results, with adjusted earnings per share of $0.35 and a 32% year-over-year revenue growth to $1.14 billion. The cloud data provider surpassed analyst expectations and announced an increase in its full-year product revenue guidance to approximately $4.40 billion. The company also reported 48 new customers exceeding $1 million in product revenue and highlighted the growing usage of its AI software across more than 6,100 accounts weekly.
Source: YAHOO