Snowflake Sees Q3 Product Revenue $670M-$675M, Sees FY24 Product Revenue $2.6B
Portfolio Pulse from Benzinga Newsdesk
Snowflake has projected its Q3 product revenue to be between $670M and $675M. The company also forecasts its FY24 product revenue to be $2.6B.
August 23, 2023 | 8:07 pm
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POSITIVE IMPACT
Snowflake's projected Q3 and FY24 product revenues could indicate a positive growth trajectory for the company.
Revenue forecasts are a key indicator of a company's financial health and growth prospects. Snowflake's projected revenues for Q3 and FY24 suggest that the company expects to maintain or increase its revenue, which could be a positive sign for investors and potentially lead to a rise in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100