(Reuters) – Snowflake (SNOW) elevated its yearly item earnings projection on Wednesday, banking on durable need for its information cloud and analytics system as a relieving economic climate enables customers to liberate their allocate costs on innovation.
The firm currently anticipates 2025 item earnings of $3.43 billion, compared to $3.36 billion it formerly anticipate.
Shares of the firm leapt around 14% in prolonged trading.
(Reporting by Zaheer Kachwala in Bengaluru; Editing by Shilpi Majumdar)
