Snowflake’s third quarter results outpaced Wall Street’s revenue and profit expectations, but the market responded negatively, reflecting concerns about the sustainability of recent growth trends. Management attributed the quarter’s performance to strong enterprise adoption of AI-driven offerings, particularly the rapid uptake of Snowflake Intelligence, and highlighted robust new customer additions. CEO Sridhar Ramaswamy emphasized that AI accounted for a significant portion of bookings, with 28% of all use cases deployed in the quarter incorporating AI. He also acknowledged that a hyperscaler outage affected revenue slightly, but maintained that the company’s core business remained resilient and operationally disciplined.
The global Information Technology (IT) sector is currently experiencing an unprecedented surge in growth and investment, poised to redefine the economic landscape as 2025 draws to a close. With worldwide IT spending projected to soar to $5.43 trillion in 2025 and an anticipated jump to over $6 trillion by
Paris, France – December 2, 2025 – Mistral AI, the rising star in the artificial intelligence landscape, has officially unveiled its highly anticipated Mistral 3 family of models, spearheaded by the formidable Mistral 3 Large. Released under the permissive Apache 2.0 license, this launch marks a pivotal moment for the open-source AI community, delivering capabilities [...]
Wall Street’s headline indices barely moved on Thursday, but under the surface the story was loud and clear: U.S. consumers are trading down hard, discount retailers are loving it, and Meta is finally putting its metaverse on a diet. All of this is playing out against a backdrop of ultra-low jobless claims, a weaker dollar and growing confidence that the Fed will cut rates next week.
Shares of cloud data platform provider Snowflake (NYSE:SNOW) fell 11.3% in the afternoon session after the company's forward-looking guidance for the fourth quarter disappointed investors, even though its third-quarter results beat expectations. While Snowflake reported third-quarter revenue of $1.21 billion and an adjusted profit of $0.35 per share, both surpassing Wall Street's estimates, the positive news was overshadowed by its forecast. The company guided for fourth-quarter product revenue with a midpoint of $1.20 billion. This projection signaled a continued slowdown in growth, representing a deceleration from the 28.7% year-over-year revenue growth rate reported for the third quarter. The softer-than-expected outlook for future growth was the primary reason for the negative market reaction.
The financial markets on December 4, 2025, are experiencing a dynamic session, characterized by a complex interplay of corporate earnings reports, influential analyst updates, and a barrage of new economic data. This confluence of factors is creating a volatile environment, challenging investors to decipher conflicting signals regarding the health of
A surprise drop in private-sector jobs pushed rate-cut expectations even higher and lifted stocks, even as fresh doubts about enterprise AI spending knocked Microsoft lower. Under the surface, chipmakers, retailers, and high-growth software names showed just how narrow and rotational this market still is.
Cloud data platform provider Snowflake (NYSE:SNOW) reported Q3 CY2025 results exceeding the market’s revenue expectations, with sales up 28.7% year on year to $1.21 billion. Its non-GAAP profit of $0.35 per share was 12.5% above analysts’ consensus estimates.
Snowflake beat Q3 earnings estimates but stock fell on guidance concerns, highlighting the challenge for maturing growth stocks balancing scale with high expectations.
Cloud data platform provider Snowflake (NYSE:SNOW) reported revenue ahead of Wall Streets expectations in Q3 CY2025, with sales up 28.7% year on year to $1.21 billion. Its non-GAAP profit of $0.35 per share was 12.5% above analysts’ consensus estimates.
Shares of cloud data platform provider Snowflake (NYSE:SNOW) jumped 3.1% in the afternoon session after peer, MongoDB reported third-quarter 2025 financial results that surpassed Wall Street's expectations and raised its full-year earnings forecast. For the quarter, MongoDB announced total revenue of $628.3 million, an 18.7% increase from the same period last year, beating estimates of $594.3 million. Adjusted earnings per share came in at $1.32, which was also well ahead of the $0.79 analysts had predicted. The database platform company also added 2,600 new customers during the quarter, bringing its total to 62,500. Looking ahead, MDB showed confidence by issuing fourth-quarter revenue guidance that was 6.5% above analyst expectations and increasing its earnings guidance for the full year by nearly 30% at the midpoint.
Snowflake Inc (NASDAQ:SNOW) shares are jumping on Tuesday, moving in tandem with MongoDB Inc (NASDAQ:MDB) after both data platform companies saw their stocks jump in after-hours trading Monday.
