Snowflake jumps 16% after lifting revenue outlook
Investing.com - Snowflake Inc (NYSE: SNOW) on Wednesday lifted its 2025 product revenue forecast on the back of data cloud demand and analytics platform as improving economic conditions are enabling clients to allocate more of their budgets to technology spending.
Shares of the data cloud analytics firm jumped around 16% in aftermarket trading.
The company now projects 2025 product revenue of $3.43 billion, compared with earlier issued forecast of $3.36 billion.