SnowFlake Beat both, up $17

Snowflake (SNOW) reported strong Q3 FY2025 results with total revenue of $942.1 million, up 28% year-over-year. Product revenue reached $900.3 million, growing 29% YoY. The company maintained a net revenue retention rate of 127% and now serves 542 customers with trailing 12-month product revenue exceeding $1 million, representing 25% growth. Remaining performance obligations grew 55% YoY to $5.7 billion. For Q4 FY2025, Snowflake expects product revenue between $906-911 million, representing 23% YoY growth, and projects full-year FY2025 product revenue of $3.43 billion, up 29% YoY.