India, Sept. 2 -- Snowflake (SNOW), an AI Data Cloud company, on Wednesday reported results for the second quarter, with net loss narrowing from last year as revenues grew 35%.
The company posted a net loss of $191.7 million, or $0.55 per share, compared with a net loss of $298.0 million, or $0.89 per share, a year earlier.
Snowflake reported second-quarter revenue of $1.55 billion, up 35% year over year, while product revenue increased 37% to $1.49 billion.
Snowflake's net revenue retention rate was 126%, while customers generating more than $1 million in trailing 12-month product revenue rose 27% to 828.
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1568189509843-0'); });
For fiscal year 2027, Snowflake raised its pro...