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Why Snowflake Stock Soared Today

·2 min read
Why Snowflake Stock Soared Today
In this article:
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  • SNOW

Shares of Snowflake (NYSE: SNOW) jumped 15.9% on Thursday after the cloud-data leader delivered outstanding growth metrics in its fiscal 2022 third-quarter report. Revenue in Snowflake's Europe, the Middle East, and Africa (EMEA) segment surged 174%, while sales in its Asia Pacific/Japan (APJ) division soared 219%. "Snowflake continues to see broad industry adoption," CEO Frank Slootman said in a press release.