Snowflake sees product revenue above estimates on AI-driven demand
By Arsheeya Bajwa (Reuters) - Snowflake forecasted quarterly product revenue above estimates on Wednesday, as increasing adoption of artificial intelligence boosted demand for its data cloud offerings. Shares of the Bozeman, Montana-based company surged nearly 7% in after-hours trading. Spending on cloud-related software
Snowflake beats quarterly estimates on strong demand for data management services
By Jaspreet Singh (Reuters) - Cloud data analytics company Snowflake beat second-quarter revenue and profit estimates on Wednesday, boosted by rising data management and storage needs of businesses amid a surge in the use of generative artificial intelligence. Shares of the company