🚀 Snowflake $SNOW soared more than 20% after earnings

The company beat market expectations on several key metrics:

• Revenue: $1.55 billion vs. $1.48 billion expected

• EPS: $0.62 vs. $0.45 expected

• Product revenue grew 37% year-over-year

Positive was also the raise of full-year product revenue guidance to $6.07 billion.

The main reason for the growth remains strong demand for cloud and AI solutions, where Snowflake can monetize the increasing usage of its platform very well.

In our view, these are really strong results. On the other hand, after a rise of more than 20%, we would be more cautious about buying and rather watch whether the company can sustain similar growth pace going forward.

Do you have Snowflake in your portfolio? And how do you see these results? 👇