Snowflake reported robust Q3 earnings and announced a partnership with AI firm Anthropic, boosting shares 19%.

Snowflake, a data analytics provider, reported strong Q3 earnings, surpassing both revenue and earnings expectations. The company's revenue reached $942.09 million, up 28% year-over-year, with adjusted earnings of 20 cents per share. Snowflake's shares rose 19% in extended trading after announcing a partnership with AI firm Anthropic and the acquisition of Datavolo. The company now expects $3.43 billion in product revenue for fiscal 2025, a 29% growth, up from its previous forecast.

November 20, 2024
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