Snowflake shares surged 19% in after-hours trading following a strong fiscal third-quarter report, with earnings per share of 20 cents and revenue of $942 million, both surpassing expectations. The company reported a net loss of $324.3 million but projected a 29% growth in product revenue for fiscal 2025, alongside a focus on cost-saving measures. Snowflake also announced a partnership with AI startup Anthropic and the acquisition of Datavolo.
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