Snowflake says demand stabilizing in better than expected Q3
For fiscal 2024, Snowflake sees product revenue of $2.65 billion, up 37% from a year ago.
For fiscal 2024, Snowflake sees product revenue of $2.65 billion, up 37% from a year ago.
Snowflake consolidated its AI and machine learning efforts with Snowflake Cortex, a managed service that provides access to large language models (LLMs), AI models and vector search in one place and includes Snowflake Copilot, Document AI and Universal Search.
The company ended the quarter with 402 customers generating more than $1 million in revenue.
Constellation Research analyst Doug Henschen said "Snowpark Container Services are a linchpin for the Nvidia partnership and a catalyst for more capabilities Snowflake is promising."