Snowflake lifts annual guidance after Q2 results top Wall Street estimates
) lifted its annual guidanceWednesday after data analytics company's second-quarter results topped Wall Street estimates as ongoing AI demand fueled demand.For the three months ended Jul. 31, Snowflake adjusted earnings of $0.19 per diluted share, down from $0.25 a year earlier, on revenue of $868.8M, up from $674.0M a year earlier. That topped analyst estimates of $0.16 on revenue of $851.6M.
Snowflake forecast current-quarter product revenue between $850 million and $855 million, compared with analysts' average estimates of $851M.
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