Snowflake's Positive Earnings Report and Outlook
Snowflake Inc. reported better-than-expected earnings and provided an upbeat outlook for the future. The company's product revenue for the January quarter is forecasted to be $906 million to $911 million, surpassing analysts' expectations. Snowflake's stock jumped 18% in after-hours trading. The company also announced plans to acquire data-integration platform Datavolo and a new partnership with artificial-intelligence company Anthropic. This positive news comes after a streak of three post-earnings declines. Overall, Snowflake's strong performance and optimistic outlook indicate a positive trend for the company.