Snowflake expects product revenue for the fourth quarter to be in the range of $716 million to $721 million, which is above analysts average estimate of $700.3 million, according to data from LSEG.
Snowflake forecasts product revenue above estimates as AI propels customer spending streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Snowflake forecast quarterly
product revenue above estimates on Wednesday, as increasing
adoption of artificial intelligence boosted demand for its data
cloud offerings. Shares of the.
Snowflake is scheduled to report earnings on November 29, when investors will be watching closely for updates on the company’s artificial intelligence.