JOURNAL ARTICLE

Snowflake Gives Revenue Outlook That Fails to Impress Investors.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: FORD, BRODY 3 of 3

Abstract

The article focuses on Snowflake Inc.'s quarterly sales outlook, which aligns with investor estimates but has disappointed those seeking stronger performance amid concerns about the software industry's future in the context of artificial intelligence (AI). The company anticipates product revenue of approximately $1.26 billion for the upcoming quarter, while its product sales for the previous quarter reached $1.23 billion, reflecting a 30% increase. Despite these figures, investor anxiety persists regarding AI's impact on the software sector, contributing to a 23% decline in Snowflake's stock this year. Additionally, the company recently appointed Brian Robins as its new chief financial officer, succeeding Mike Scarpelli. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/02, pN.PAG
  • Document Type:Article
  • Subject Area:Information Technology
  • Publication Date:2026
  • Accession Number:191891396
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