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.

You May Also Be Interested In

• UBS Reiterates Buy Rating on Snowflake Inc. (SNOW)
• Raymond James sees ServiceNow pricing power driving high-margin growth
• GameStop drops Cohen’s $35B pay plan to focus on eBay acquisition