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Snowflake Relies On Customer Adoption Of AI To Drive Up Spending And Product Revenue.

(CTN News) - On Wednesday, Snowflake (NYSE: SNOW) announced that its quarterly product revenue is expected to exceed estimates..... ....

United States , Snowflake Cortex ,

Snowflake sees product revenue above estimates on AI-driven demand

Spending on cloud-related software has been on the rise as more companies seek to benefit from an AI-linked rally in the technology sector over the past year. Snowflake expects product revenue for the fourth quarter to be in the range of $716 million to $721 million, which is above analysts' average estimate of $700.3 million, according to data from LSEG. ....

United States , Maju Samuel , Arsheeya Bajwa , Frank Slootman , Snowflake Cortex , Product Revenue , Artificial Intelligence , Cloud Offerings ,