Snowflake shares are getting floor in late buying and selling following the company posted much better-than-anticipated expansion for its fiscal second quarter finished July 31. Management raised its whole-yr forecast for products revenue for a 2nd time.
stock (ticker: SNOW) was up 4.7% to $297 in premarket investing.
For the quarter, the cloud-based mostly data warehouse program company reported profits of $272.2 million, up 104% from a yr in the past, and ahead of the Avenue consensus at $256.5 million. Solution profits was $254.6 million, up 103%, and in advance