Snowflake Q1 revenue rises 33% to $1.39B, beating estimates; stock jumps 29% after hours
Snowflake's Q1 revenue rose 33% year-over-year to $1.39 billion, beating analyst estimates of $1.32 billion. The company also announced a $6 billion commitment to AWS over five years, sending shares up over 29% in after-hours trading.
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