💨 Abstract

Snowflake, a data analytics provider, forecasts a 24% increase in product revenue for fiscal 2026, exceeding analyst expectations, due to growing cloud service adoption and AI advancements. This announcement led to a 11% surge in shares. The company also announced the retirement of CFO Michael Scarpelli, who will be replaced and then serve in an advisory role.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖