Following the release of fiscal second-quarter 2025 earnings that exceeded Wall Street’s projections but revealed slower-than-expected product revenue growth compared to previous quarters, Snowflake’s shares slumped 13% on Thursday.
Above the $851 million that LSEG’s poll of analysts had predicted, Snowflake reported $869 million in revenue. Snowflake’s product revenue, which makes up the majority of its sales, was estimated to have increased by 30% annually to $829.3 million by the firm.
Nevertheless, that was a reduction from the 34% year-over-year increase that was recorded in the first quarter of the fiscal year.
Source (CNBC)
