- Snowflake reported an earnings beat and raised its revenue forecast for a key segment.
- The company said customers are increasingly migrating data and data work to Snowflake to create AI-ready foundations.
- Snowflake projected current-quarter product revenue above analyst expectations.
Quotes
“The results demonstrate how the AI transformation that’s sweeping enterprises is compounding Snowflake’s advantage”
“More and more customers are migrating their data and data work onto Snowflake so that they have an AI-ready data foundation.”