Snowflake A

Snowflake reported Q2 2027 revenue up 35% to USD 1.55 billion, with platform revenue growth of 37% to USD 1.49 billion. Adjusted earnings per share rose 77% to USD 0.62, beating expectations and sending the stock sharply higher in after-hours trading. The company raised its full-year guidance for platform revenue and margins and attributes about half of the acceleration effect to AI products. » Mere på finanzen.net

Snowflake reported product revenue growth of 37% to $1.49 billion in Q2 and an increase in large customers (≥ $1 million annual revenue) to 828. After the strong momentum and a share-price rise of over 16% on September 3, management raised the full-year product revenue forecast from $5.84 billion to $6.07 billion. The company continues to benefit from demand for cloud-based data and AI solutions. » Mere på finanzen.net

Snowflake beat market expectations with strong quarterly results, reflecting high demand for modern data solutions. New AI features and the usage-based business model should significantly accelerate future revenue growth. The company raised its margin outlook, and the AI assistant CoCo is seeing strong user and revenue growth, driving the share price on very high trading volume. » Mere på finanzen.net