Overview

• Snowflake reported $942.1 million in Q3 revenue, surpassing analyst expectations of $900.3 million and marking a 28% year-over-year increase.
• Adjusted earnings per share came in at 20 cents, beating the 15 cents analysts had projected.
• The company raised its full-year product revenue guidance to $3.43 billion, reflecting an anticipated 29% year-over-year growth.
• Snowflake announced the acquisition of Datavolo, a data integration platform, to enhance data engineering and interoperability capabilities.
• A new partnership with Anthropic will integrate Claude 3.5 AI models into Snowflake products, enabling advanced enterprise AI use cases while leveraging Amazon Web Services.