Snowflake reports $1.49 billion quarter as AI products gain broad adoption

Snowflake reported quarterly revenue of $1.49 billion, up 37% year over year. The company said its AI products, CoCo and Cowork, are seeing broad adoption.

Snowflake also described intense competition from hyperscalers and foundation-model labs. The company said there is substantial business opportunity, while noting that its product and go-to-market teams face significant change and must keep adapting.