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.Shares of the company rose more than 3 per cent in trading after the bell.
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. Snowflake offers products and services that clients can use to store, process and consolidate data that helps in producing business insights.
