FILE PHOTO: The company logo for Snowflake Inc. is displayed on a banner to celebrate the company's IPO at the New York Stock Exchange (NYSE) in New York, U.S., September 16, 2020. REUTERS/Brendan McDermid/File Photo
(Reuters) - Snowflake forecast fiscal 2026 product revenue above analysts' estimates on Wednesday as the data analytics provider sees rising cloud service growth amid advancements in artificial intelligence, sending its shares up 11% in extended trading.
The company's data cloud has seen strong adoption from firms looking to use AI-powered services, with Snowflake also announcing the integration of OpenAI's models directly in Snowflake Cortex AI.
