<ul><li>Snowflake Inc. beats earnings and revenue expectations for the first quarter of the new fiscal year, with earnings per share at 24 cents and revenue surpassing $1 billion.</li><li>Product revenue for Snowflake reached $996.8 million, up 26% from a year ago, while the company posted a net loss of $429.9 million.</li><li>Snowflake sets a product revenue target of $1.035 billion to $1.04 billion for the current quarter, with a full-year revenue forecast of $4.325 billion at the midpoint.</li><li>Snowflake expands product offerings with support for Apache Iceberg table format and achieves Department of Defense Impact Level 5 Provisional Authorization, leading to a stock price increase of more than 7% in late trading.</li></ul>

Snowflake gains momentum with solid earnings and revenue beats

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