(Bloomberg) — Snowflake Inc. projected better-than-expected revenue growth for the fiscal year, sending an optimistic signal about the adoption of its recently launched products for artificial intelligence. The shares jumped in extended trading.
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Product revenue, which makes up the bulk of Snowflake’s business, will increase about 24% to $4.28 billion in the year ending January 2026, the company said Wednesday in a statement. Analysts, on average, estimated…
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