04:35 PM EDT, 05/22/2024 (MT Newswires) -- Snowflake (SNOW) reported fiscal Q1 non-GAAP net income late Wednesday of $0.14 per diluted share, down from $0.15 a year earlier.

Analysts polled by Capital IQ expected $0.17.

Revenue in the quarter ended April 30 rose to $828.7 million from $623.6 million a year earlier.

Analysts surveyed by Capital IQ expected $785.9 million.

The company said it expects fiscal Q2 product revenue of $805 million to $810 million with fiscal 2025 product revenue of $3.3 billion.

Shares of the company rose 5.3% in recent after-hours activity.

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