Snowflake jumps after $6 billion AWS deal, annual product revenue forecast raise
27/05/2026 22:09
BUZZ-Snowflake jumps after $6 billion AWS deal, annual product revenue forecast raise ** Shares of data analytics firm Snowflake SNOW.N jump 34.6% to $235.55 in extended trading
** SNOW raises its annual product revenue forecast and announces a five-year deal worth $6 billion with Amazon Web Services AMZN.O
** Co now expects product revenue of $5.84 bln for fiscal 2027 vs prior view of $5.66 bln
** Up to last close, SNOW down ~20% YTD
(Reporting by Jaspreet Singh in Bengaluru)
((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))