Close
Snowflake Inc reported impressive second-quarter financial results, with revenue reaching $868.823 million, surpassing analyst expectations of $849.704 million. The company also posted adjusted earnings of 18 cents per share, exceeding the forecast of 16 cents. Notably, total revenue increased by 29% year-over-year, showcasing strong growth in product revenue, which rose by 30% to $829.3 million.
The company highlighted its success in AI product traction, indicating a significant opportunity for future growth. Snowflake's board has authorized an additional $2.5 billion for its share repurchase program, extending it through March 2027, which reflects confidence in its financial health. Looking ahead, Snowflake anticipates third-quarter product revenue between $850 million and $855 million, marking a 22% year-over-year increase.
Benzinga.com on MSN.com 13month
YAHOO!Finance 10month
The Motley Fool on MSN.com 16month
The Motley Fool on MSN.com 10month
Markets Insider on MSN.com 10month
Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
How to level up your teaching with AI. Discover how to use clones and GPTs in your classroom—personalized AI teaching is the future.
Trump's Third Term? AI already knows how this can be done. A study shows how OpenAI, Grok, DeepSeek & Google outline ways to dismantle U.S. democracy.
Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.
Log in
Sign Up
AI Tools - Popular
AI Tools - Categories
GPTs - Categories
AI for Jobs
