Snowflake shares soar to highest level in over a year as revenue tops $1 billion for first time
1. Snowflake's Q1 revenue of $1.04 billion surpassed estimates by $30 million. 2. Shares rose 12%, reaching the highest level since early last year. 3. Company reported a net loss of $430 million, wider than last year. 4. 11,000 customers now use Snowflake's AI-enhanced analytics platform. 5. Analysts reaffirmed buy recommendations, noting two significant $100 million deals.