A SaaS company overturned its entire 2026 loss with a 37% jump in a single session; Here’s why

For the quarter gone by, Snowflake reported a 34% increase in its Project business revenue to $1.33 billion, higher than the $1.27 billion estimate. Remaining performance obligations, a measure of total bookings were at $9.21 billion compared to expectations of $9.43 billion.

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