Snowflake sees second-quarter product revenue above estimates-February 2024-www.financetom.com

Snowflake sees second-quarter product revenue above estimates

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Snowflake sees second-quarter product revenue above estimates

May 22, 2024 1:35 PM

May 22 (Reuters) - Snowflake forecast

second-quarter product revenue above Wall Street estimates on

Wednesday, as demand for its cloud-based services stays strong

amid a surge in use of generative artificial intelligence.

The Bozeman, Montana-based company forecast product revenue

in the range of $805 million to $810 million for the second

quarter, above analysts' average estimate of $785 million,

according to LSEG data.

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