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Snowflake, a data warehousing company, has seen its stock rise after strong financial results in F1Q25. The company's product revenue exceeded consensus by 5%, with non-GAAP operating income beating estimates by 29%. Snowflake is also expanding its product pipeline in AI and has increased its revenue forecast. Additionally, Snowflake Ventures is investing in Omni Analytics to enhance self-service BI and data modeling.
Snowflake Looks to AI to Bolster Growth https://t.co/tmKSzEA6PO
Snowflake Ventures is investing in @Omni Analytics to supercharge self-service BI and data modeling! Omni expands the AI Data Cloud’s analytics power, making it easier to extract value from data, faster.
$SNOW Canaccord Genuity Bigger picture, FCF margins remain strong at 26%, and we expect that the market will place a greater valuation emphasis on SNOW's growth prospects. To that end, Q1 was a step in the right direction. cRPO growth of 30% suggests FY25 product revenue growth…
