Snowflake reported a strong Q1 FY27 with 33% revenue growth, surpassing analyst expectations by 5.3 percentage points. The company's AI-driven product revenue also grew 33%, and its backlog increased 38% to about $9.2 billion, signaling strong demand. Gross margins improved to 66.6% despite new AI product launches and acquisitions, with management targeting 75% margins for the year. The stock rallied 35-36% post-earnings, and valuation remains attractive at 14-15 times forward sales, supported by partnerships with Amazon AWS.
US stock indices including Nasdaq 100, Dow Jones 30, and S&P 500 are experiencing volatile and choppy trading as investors closely monitor interest rate developments. The Nasdaq 100 is hovering around the 30,000 level, seen as a key support and poten...
US stock futures fell following US strikes on Iranian drone sites near the Strait of Hormuz, heightening Middle East tensions. Major indices showed slight declines, with the Russell 2000 small-cap index down. Earnings reports drew attention: Snowflak...
US stock futures fell as oil prices surged above $90 due to renewed US-Iran tensions and military strikes. Investors await the April Personal Consumption Expenditures (PCE) inflation report, which will influence Federal Reserve rate decisions under n...
Snowflake reported a strong Q1 with product revenue up 34% year-on-year to $1.334 billion, beating analyst expectations and its own guidance. The company’s operating margin expanded significantly, and earnings per share surpassed estimates by over 20...
Snowflake Inc reported a strong fiscal Q1 with product revenue up 34% year-on-year to $1.334 billion, surpassing analyst expectations. The company's non-GAAP operating margin expanded to 12%, and earnings per share beat estimates by over 20%. Growth ...
