Snowflake kept its full-year forecast steady in Wednesday's earnings report.
Snowflake Inc. broke from its pattern of outlook cuts Wednesday afternoon as it kept its forecast for the full year steady, and its shares were moving higher in the aftermarket.
Revenue increased to $674 million from $497 million, while analysts were looking for $662 million. Snowflake generated $640 million in product revenue.See also: Autodesk’s stock jumps 7% on revenue, earnings beat Chief Executive Frank Slootman said in a release that Snowflake was benefiting from the frenzy around artificial intelligence and machine learning.
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