Snowflake(US:SNOW) The Motley Fool·2024-11-21 18:35Core Insights - Snowflake's stock surged 34% following the release of its fiscal Q3 2025 financial results, which exceeded investor expectations [1] Company Performance - Snowflake experienced significant customer growth in Q3, leading to a 10% quarter-over-quarter increase in remaining performance obligations, reaching $5.7 billion, compared to a 4% increase in the same period of fiscal 2024 [3] - The company reported Q3 product revenue of $900 million, surpassing the management's guidance of $855 million, and achieved an adjusted operating income margin of 6%, exceeding the expected 3% margin [4] Future Outlook - Following the positive Q3 results, Snowflake's management raised its fiscal year outlook, projecting a 29% growth in product revenue from fiscal 2024, up from a previous guidance of 26% [5] - The overall spending outlook from enterprise customers appears to be improving, contributing to investor optimism regarding Snowflake's future performance [6]