(Reuters) – Snowflake (SNOW) elevated its yearly merchandise earnings projection on Wednesday, banking on sturdy want for its data cloud and analytics system as a relieving financial local weather allows prospects to liberate their allocate prices on innovation.
The agency at present anticipates 2025 merchandise earnings of $3.43 billion, in comparison with $3.36 billion it previously anticipate.
Shares of the agency leapt round 14% in extended buying and selling.
(Reporting by Zaheer Kachwala in Bengaluru; Editing by Shilpi Majumdar)
