Snowflake A

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. » More on finanzen.net

At the Citi Global TMT Conference, Snowflake said AI products like Cortex are increasing usage of the core platform and making the business faster, leaner and more profitable. The full-year growth forecast was raised from 31% to 36% after two quarters of accelerated growth, and the non‑GAAP product gross margin remained steady at 74%. The company reported stronger cash flows, a marked slowdown in headcount growth, and still targets GAAP profitability by Q4 2025. » More on de.investing.com

At the Goldman Sachs conference Snowflake said AI-powered tools significantly speed up migrations, create new demand for products like CoWork and Managed Inference, and encourage the development of custom applications on its data layer. Management warned that faster migrations could also increase willingness to switch, so Snowflake must deliver added value in governance, observability and at the application level. On the financial side, growth is driven by higher volume, new workloads and price offsets; new consumption-based products are hard to model but show strong usage dynamics. On the technical side, the company is working on lower latency, new roles to accelerate activation, and managed Iceberg tables to make the platform more attractive to developers and business users. » More on de.investing.com