Why Snowflake Stock Soared Today

·2 min read
Why Snowflake Stock Soared Today

Shares of Snowflake (NYSE: SNOW) jumped 15.9% on Thursday after the cloud-data leader delivered outstanding growth metrics in its fiscal 2022 third-quarter report. Revenue in Snowflake's Europe, the Middle East, and Africa (EMEA) segment surged 174%, while sales in its Asia Pacific/Japan (APJ) division soared 219%. "Snowflake continues to see broad industry adoption," CEO Frank Slootman said in a press release.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting