By Maria Armental 
 

Snowflake Inc. raised its product revenue projections for the year, following a stronger-than-expected performance in the third quarter.

The company said it now expects product revenue for the year to reach $1.12 billion to $1.13 billion, up from its earlier view of $1.06 billion to $1.07 billion.

This quarter, it projects $345 million to $350 million in product revenue, compared with analysts' projected $316 million, according to FactSet.

 

Write to Maria Armental at maria.armental@wsj.com

 

(END) Dow Jones Newswires

December 01, 2021 16:29 ET (21:29 GMT)

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