Snowflake Inc. (SNOW) is an international cloud-based data platform provider. The company’s platform provides Data Cloud, which enables customers to consolidate data into a single source of truth and is used by various organizations in a range of industries.
SNOW’s second quarter revenue increased 82.7% year-over-year to $497.25 million, which topped Refinitiv analysts’ expectations of $467 million by 6.5%. The company’s product revenue, which is a key metric, rose 83.1% from the prior-year period to $466.27 million. SNOW expects a product revenue between $500 and $505 million in its third quarter.
