Snowflake (NYSE:SNOW) shares rose 23.9% to $379.07 in premarket trading after the company reported fiscal second-quarter 2027 revenue and adjusted earnings above ******* yst expectations and increased its full-year product revenue guidance.
Adjusted earnings per share were $0.62, compared with the consensus estimate of $0.45. Total revenue reached $1.55 billion, above the $1.48 billion ******* yst estimate and representing a 35% increase from the prior-year period.
Product revenue was $1.49 billion, an increase of 37% year over year and the third consecutive quarter in which its growth rate accelerated.
Snowflake also reported increased adoption of its AI products. CoCo reached 9,100 customer accounts, while CoWork expanded to 5,800 accounts. According to the source material, the two products accounted for approximately half of the incremental acceleration in revenue during the quarter.
Management increased its full-year fiscal 2027 product revenue forecast to $6.07 billion from $5.84 billion.
#revenue #year #snowflake #fiscal
Adjusted earnings per share were $0.62, compared with the consensus estimate of $0.45. Total revenue reached $1.55 billion, above the $1.48 billion ******* yst estimate and representing a 35% increase from the prior-year period.
Product revenue was $1.49 billion, an increase of 37% year over year and the third consecutive quarter in which its growth rate accelerated.
Snowflake also reported increased adoption of its AI products. CoCo reached 9,100 customer accounts, while CoWork expanded to 5,800 accounts. According to the source material, the two products accounted for approximately half of the incremental acceleration in revenue during the quarter.
Management increased its full-year fiscal 2027 product revenue forecast to $6.07 billion from $5.84 billion.
#revenue #year #snowflake #fiscal
1 month ago
