21-05-2025
Snowflake Gives Strong Outlook With Focus on New AI Tools
Snowflake Inc. gave a strong outlook for quarterly sales after launching a slew of new products over the last year.
Product revenue, which makes up the bulk of Snowflake's business, will increase about 25% to as much as $1.04 billion in the quarter ending in July, the company said Wednesday in a statement. Analysts, on average, estimated $1.03 billion, according to data compiled by Bloomberg.
