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Snowflake raises FY2027 product revenue forecast; shares jump in extended trading

Snowflake raised its fiscal 2027 product revenue forecast to $6.07 billion, citing strong demand for its cloud data platform and AI offerings. Shares rose more than 20% in extended trading.

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Snowflake raised its full-year product revenue forecast on Wednesday, citing strong demand for its cloud data platform and AI offerings, and its shares rose more than 20% in extended trading. The company now expects fiscal 2027 product revenue of $6.07 billion, compared with its previous outlook.

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