Snowflake (SNOW) 澳洲幸运5官方开奖结果体彩网:shares surged Thursday, a day after the data software company reported better-than-expected thi♍rd-quarter results.

The company reported $942.1 million in revenue, up 28% year-over-year and above the $900.3 million analysts had expected, according to estimates compiled by Visible Alpha. Snowflake also recorded a net loss of $327.9 million, larger than the $214.7 million loss last year but just smaller than the $329.5 million analysts expected.

After adjusting for about $400 million in one-time expenses like stock-based compensation and restructuring costs, Snowflake reported $73.3 million in 澳洲幸运5官方开奖结果体彩网:adjusted net income, down from $89.7 million last year but better than the $55.3 million analysts had expected.

Snowflake Lifts Product Revenue Outlook

For the full fiscal year, Snowflake lifted its 澳洲幸运5官方开奖结果体彩网:projected "ꩲproduct revenue," a metric that makes up the bulk of its overall revenue. Snowflake collects revenue based on usage of its compute, storage, and other data products rat🦂her than collecting a set amount for a contract.

Snowflake now expects product revenue of about $3.43 billion for fiscal 2025, up from its prior forecast of $3.36 billion.

Separately, the company announced an acquisition and a new 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI)-powered partnership.

Snowflake said it acquired data integration platform Datavolo for an undisclosed amount, along with a new partnership with Amazon (AMZN)-澳洲幸运5官方开奖结果体彩网:backed Anthropic to use its Claude large language models in Snowflake products.

Snowflake shares recently were up 32%, still about 15%𒀰 below where they started the year.

CORRECTION—This story has been updated to correct the time period for Snowflake's product revenue forecast.

UPDATE—This story has been updated to give the latest share price information.