Snowflake narrows 2Q loss and lifts FY product revenue outlook
Snowflake reported a $191.7 million loss for 2Q, or 55 cents per share. It lifted its full-year product revenue forecast, citing ongoing AI demand driving its business.
By Freddy SebastianSnowflake lifted its full-year forecast for product revenue after recording a narrower second-quarter loss, as artificial intelligence continued to drive its business.The cloud storage company on Wednesday reported a loss of $191.7 million, or 55 cents a share, compared with a lo…