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Why Snowflake Stock Soared Today

TheMotleyFool

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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.

Snowflake's revenue rocketed 110% year over year to $334.4 million. That was well above Wall Street's estimates, which had called for sales of $305.6 million.

The gains were driven in part by the company's rapid international expansion. 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%.

Source Fool.com

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