SNOW Stock Rallies 23% After-Hours As AI Coding Tool Fuels Revenue Growth, Aids Raised Outlook
Snowflake Inc. surpassed Wall Street expectations for the second quarter and increased its full-year sales outlook. Snowflake raised its annual product revenue projection to about $6.07 billion, outperforming analyst consensus. Product revenue reached $1.49 billion for the fiscal second quarter, marking a 37% year-over-year increase. More than 2,000 additional customer accounts adopted the company’s AI … Read more