finance.yahoo.com

Snowflake AI Adoption Drives Revenue Beat and Raises 2027 Forecast

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Snowflake said AI offerings powered about half of its growth acceleration, with rising enterprise use of Cortex Code and CoWork. Product revenue jumped 37% year over year to $1.49B in the second quarter, and the company raised its fiscal 2027 product-revenue forecast to $6.07B from $5.84B, prompting broker target increases and a sharp share rally.

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