Snowflake spikes 22% on healthy results and AI coding momentum

Snowflake reported financial results that exceeded analyst expectations, with shares rising 22% in after-hours trading on Wednesday. The data analytics software maker demonstrated strong revenue growth of 35% year over year in the fiscal second quarter, which concluded on July 31.
The company’s net loss narrowed compared to the prior year period, falling to $191.7 million, or 55 cents per share, from $297.9 million, or 89 cents per share. Snowflake highlighted progress with its CoCo artif