(Reuters) - Cloud data analytics company Snowflake beat second-quarter revenue and profit estimates on Wednesday, boosted by rising data management and ...
- Cloud data analytics company Snowflake beat second-quarter revenue and profit estimates on Wednesday, boosted by rising data management and storage needs of businesses amid a surge in the use of generative artificial intelligence.Enterprises are increasingly moving their data and infrastructure to the cloud to improve efficiency, helping cloud-related services companies.
The Bozeman, Montana-based company's revenue rose about 36% to $674 million for the quarter ended July 31, above analysts' average estimate of $662.2 million, according to Refinitiv data. Snowflake's second-quarter product revenue rose 37% to $640.2 million, above market estimates of $623 million.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Funnel cloud potential, thunderstorms expected across central Alberta on WednesdayEnvironment Canada said thunderstorms and funnel clouds are possible Wednesday afternoon into the evening south of Edmonton and north of Calgary, but not actual tornadoes.
Lire la suite »
Snowflake Gives Lackluster Outlook on Restrained Software DemandSnowflake Inc. gave a sales outlook for the current quarter in line with expectations, suggesting that companies are still cautious about expanding their cloud software budgets.
Lire la suite »
NetApp beats revenue estimates on rising demand for cloud services(Reuters) - NetApp reported first-quarter revenue above Wall Street estimates on Wednesday, driven by strong demand for cloud based services from ...
Lire la suite »
Mexico president attacks Reuters report on narco remittancesMEXICO CITY (Reuters) - Mexico's President Andrés Manuel López Obrador on Monday publicly attacked a Reuters report published last week detailing how ...
Lire la suite »
Mexico president attacks Reuters report on narco remittancesMEXICO CITY (Reuters) - Mexico's President Andrés Manuel López Obrador on Monday publicly attacked a Reuters report published last week detailing how ...
Lire la suite »