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.
Snowflake NYSE:SNOW raised its full-year product revenue forecast on Wednesday, betting on strong demand for its cloud data platform and AI offerings, sending its shares up more than 20% in extended trading.The company now expects fiscal 2027 product revenue of $6.07 billion, compared with its prev…