The stock jumped in extended trading.The New York Stock Exchange welcomes Snowflake to usher in the first day of winter on Dec. 21, 2021.shares on Wednesday spiked 19% in extended trading after the data analytics software maker reported fiscal third-quarter earnings that beat estimates.20 cents, adjusted vs. 15 cents expectedSnowflake's total revenue rose 28% year over year in the quarter, which ended on Oct. 31, according to a. The company's net loss of $324.
Product revenue, at $900.3 million, represented around 96% of total revenue. Snowflake called for $3.43 billion in fiscal 2025 product revenue, implying 29% growth. That's up from the $3.36 billion forecast management gaveThe full-year view also includes an adjusted operating margin of 5%, up from the 3% guidance in August.
Snowflake had 10,618 customers at the end of October, having added 369 in the fiscal third quarter. Analysts polled by StreetAccount had expected 10,601.
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