Snowflake Posts Strong Sales Growth Outlook, Easing AI Fears

Snowflake Inc. issued a strong outlook for annual sales growth that helped ease jitters about the software industry’s growth prospects in the age of artificial intelligence.

Product revenue will be about $5.66 billion in the year ending in January 2027, the company said Wednesday in a statement, surpassing Wall Street’s expectations. The segment represents the majority of Snowflake’s total sales and is closely watched by investors.