Shares of Snowflake (SNOW) surged 13% in premarket trading Thursday, a day after the cloud software provider reported better-than-estimated results and a buoyant outlook on booming demand for 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) products.

The company posted fiscal 2025 fourth-quarter adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $0.30 𒉰on revenue that rose 27% year-ove♏r-year to 986.8 million. Analysts polled by Visible Alpha expected $0.18 and $957.6 million, respectively. 

Product revenue was $943.3 million, up 28% and abo𓄧ve estimates. Snowflake projected current-quarter product revenue of between $95💃5 million and $960 million, translating to a 21%-22% gain.

"Management noted better visibility into upcoming AI product ramps that would drive meaningful re-acceleration in 2H," wrote Citi analysts, who have a "buy" rating on the stock.

Snowflake shares had fallen almost 30% over the past 12 months through Wednesday.