PALO ALTO, Calif., March 24, 2026 (GLOBE NEWSWIRE) -- Denodo, a global leader in data management, powering trustworthy AI agents and applications, today announced that it is joining the Open Semantic Interchange (OSI), an open source initiative that creates a universal specification for all companies to standardize their fragmented data definitions with an open, vendor-neutral semantic model specification. OSI aims to enhance interoperability across various tools and platforms, offering enterprises a vendor ...

The cuts, which affected approximately 70 specialized roles, mark one of the most aggressive pivots toward AI-generated content in the enterprise software sector to date.SNOW stock is climbing Monday. See the chart and price action here. The decision follows Snowflake’s blockbuster $200 million partnership with OpenAI, signed in February,  which natively integrates GPT-5.2 into the Snowflake AI Data Cloud and provides the cognitive engine for what the company calls Project SnowWork. Launched just last week, ...

Core Insights - RESAAS Services Inc. announced an integration with Snowflake, enabling enterprise clients to synchronize proprietary real estate data into their existing Snowflake environments, enhancing data accessibility and analytics capabilities [1] - The integration allows for secure, automated data feeds, enabling advanced analytics and deeper insights by combining RESAAS data with internal datasets [1] - The integration is expected to accelerate the expansion of enterprise deployments throughout 2026, particularly among global real estate firms seeking unified, real-time insights [1] Company Overview - RESAAS is a technology provider for the real estate industry, serving over 600,000 residential real estate agents in 160 countries [1] - The company offers unique real estate data and facilitates access to qualified international referrals and listings [1] - RESAAS is utilized by major commercial real estate brokerages and institutions as a data exchange platform [1]

Core Insights - Snowflake has launched new Energy Solutions aimed at unifying IT, OT, and business data to support predictive maintenance, grid optimization, and emissions reduction in the energy sector [1][2] - The solutions are designed to help power, utilities, and oil and gas companies modernize their operations and improve efficiency while moving towards a lower-carbon future [1][2] - Industry leaders such as ExxonMobil, Siemens, and PG&E are already utilizing Snowflake's platform to enhance operational resilience and navigate market volatility [1][2] Company Developments - Snowflake's Energy Solutions integrate governance capabilities, partner-developed solutions, and critical datasets into a single offering tailored for the energy sector [1] - The company has introduced over 30 new partner-built solutions that run natively on the AI Data Cloud, enhancing capabilities in areas like geospatial analysis and grid planning [1][2] - Snowflake's partnership with SAP allows energy companies to combine finance and supply chain data with operational data, improving insights for grid operations and asset planning [1] Industry Impact - The new solutions support critical energy use cases such as grid planning, asset health, and operational forecasting, indicating strong momentum in the energy sector [1][2] - Snowflake's platform enables energy companies to unify data and apply AI across various operations, leading to faster decision-making and improved sustainability outcomes [1][2] - The integration of advanced analytics and AI capabilities is seen as essential for energy companies to manage decentralized assets and optimize energy production [2]

Core Insights - Snowflake (SNOW) is enhancing its portfolio through strategic acquisitions, positioning itself as a leader in the data and AI sectors [1] Acquisitions and Innovations - The acquisition of Datometry is significant for expanding Snowflake's capabilities, allowing customers to migrate from older data warehouses to Snowflake with lower costs and less disruption [2] - Snowflake's agreement to acquire Observe aims to provide AI-powered observability, enhancing operational resilience and analytics within the Snowflake AI Data Cloud [3] - The company is focused on innovation and expansion through acquisitions to maintain its central role in enterprise AI [4] Financial Performance and Projections - In fiscal Q3 2026, AI influenced 50% of bookings, with 28% of deployed use cases incorporating AI, indicating strong demand for AI-driven data solutions [4] - For Q4 of fiscal 2026, Snowflake expects product revenues between $1.195 billion and $1.2 billion, reflecting a year-over-year growth of 27% [4] Competitive Landscape - Snowflake faces significant competition from major players like Amazon and Oracle, both of which are expanding their AI capabilities [5] - Amazon's collaboration with Infosys aims to accelerate enterprise adoption of generative AI, enhancing software development and operations [6] - Oracle has launched the Autonomous AI Lakehouse and introduced new AI-powered capabilities to improve business data analysis [7] Stock Performance and Valuation - Snowflake shares have decreased by 1.9% over the past six months, underperforming the Zacks Computer & Technology sector's return of 20.1% but outperforming the Zacks Internet Software industry's decline of 9.2% [8] - The stock is trading at a premium with a forward 12-month Price/Sales ratio of 12.64X compared to the industry's 7.46X, and it has a Value Score of F [11] - The Zacks Consensus Estimate for fiscal 2026 earnings is $1.20 per share, indicating a 44.58% year-over-year increase [13]

Core Insights - Ataccama has received a strategic investment from Snowflake Ventures, enhancing their partnership and commitment to providing trusted data for enterprise AI and analytics [1][3] - The investment reflects the growing necessity for reliable data in AI applications, as organizations prioritize platforms that ensure data accuracy and compliance [2][6] Company Overview - Ataccama is recognized as a leader in agentic data trust, providing a platform that ensures data is accurate, accessible, and trusted for decision-making [8] - The company has achieved a 30% compound annual growth rate (CAGR) over the past three years, with Fortune 500 organizations spending an average of over $500,000 annually on its platform [7] Partnership Benefits - The investment will lead to deeper integration with Snowflake's data quality features and enhance the delivery of contextualized and explainable data [4] - Ataccama's platform will improve data health monitoring and compliance, enabling organizations to reduce risk and accelerate reporting cycles [4][5] Market Position - Ataccama's platform is built on market-leading data quality, unifying various data management aspects to maintain consistency and explainability as AI adoption increases [6][8] - The company has been recognized in the 2025 Gartner Magic Quadrant for Augmented Data Quality and Data and Analytics Governance, reinforcing its position in the market [8]

Core Insights - Denodo has been recognized as "One to Watch" in Snowflake's report on the Modern Marketing Data Stack 2026, highlighting its role in shaping the future of marketing technology through innovation and customer impact [1][2][3] Company Overview - Denodo is a leader in data management, providing a logical data management solution that transforms enterprise data into reliable insights for AI and analytics [8] - The Denodo Platform enables organizations to deliver AI-ready data significantly faster than traditional data lakehouses, achieving up to 4x faster time-to-insight and 345% ROI [8] Industry Context - The Snowflake report identifies key technologies and platforms adopted by over 11,100 organizations, emphasizing trends like AI, privacy, and data gravity that are accelerating the evolution of marketing technology [3] - AI is transforming how marketers understand audiences and optimize spending, with Denodo providing the high-quality data foundation necessary for effective AI and machine learning models [4][5] Product Capabilities - Denodo's platform allows marketing teams to unify, enrich, and activate data in real time, bridging operational systems with Snowflake's AI Data Cloud [5] - Marketers can generate real-time audience insights by connecting live operational data from various systems, accelerating campaign optimization without complex integration [6]

Industry Overview - The Internet Software and Services sector is experiencing growth due to increased IT spending on hybrid operating environments and mobile device penetration, prompting businesses to invest in web-based infrastructure and security software [1] - The Internet Software industry is ranked in the top 28% of Zacks Industry Rank, indicating expected outperformance in the market over the next three to six months [2] Company Highlights Palantir Technologies Inc. (PLTR) - Palantir's AI strategy integrates its Foundry and Gotham platforms, focusing on AI adoption in government and commercial sectors, with an expected revenue growth rate of 41.1% and earnings growth rate of 43% for next year [6][10] - The company is involved in significant government projects, such as the Department of Defense's Open DAGIR initiative, enhancing military operations through AI [7] - Palantir's AIP boot camps have attracted over 1,000 companies, showcasing its platform's capabilities across various industries [8] Snowflake Inc. (SNOW) - Snowflake is set to benefit from rising demand for cloud-based data platforms, with an expected revenue growth rate of 22.3% and earnings growth rate of 33.9% for next year [11][15] - The cloud analytics market is projected to grow from $35.39 billion in 2024 to $130.63 billion by 2030, with a CAGR of 25.5%, supporting Snowflake's growth trajectory [12] - Snowflake's AI Data Cloud is gaining traction across multiple industries, enhancing enterprise capabilities in data management and analytics [14] Datadog Inc. (DDOG) - Datadog is experiencing growth from new customer acquisitions and increased adoption of its cloud-based monitoring platform, with an expected revenue growth rate of 19% and earnings growth rate of 15.4% for next year [16][20] - The company unveiled over 125 new products at DASH 2025, including AI observability tools, enhancing its competitive position [17][18] - Datadog's solutions are increasingly used to monitor AI-powered applications, driving broader product usage [19] Atlassian Corp. (TEAM) - Atlassian is benefiting from the demand for remote working tools, with a 25X year-over-year increase in AI interactions among over 1 million monthly active users [22] - The company's AI-powered Rovo platform and automation tools are driving growth in premium and enterprise editions [23] - Atlassian's collaboration with OpenAI to enhance its software with generative AI features is expected to boost revenue [24] Zoom Communications Inc. (ZM) - Zoom is capitalizing on the hybrid work trend, with its AI Companion achieving a fourfold increase in monthly active users year-over-year [26][27] - The platform's integration with third-party applications and custom AI functionalities is enhancing operational efficiencies for customers [28] - Zoom has an expected revenue growth rate of 3% and earnings growth rate of 0.1% for next year [29]

Core Insights - Snowflake (SNOW) has experienced a significant 71.4% increase year to date, outperforming the Zacks Internet Software industry's 10.3% and the broader Zacks Computer and Technology sector's 26.4% [1] - The stock's performance is attributed to strong revenue acceleration and a differentiated consumption model that enhances operating leverage compared to peers like Microsoft, Amazon, and ServiceNow [2] Company Performance - The Zacks Consensus Estimate for Snowflake's Q3 fiscal 2026 revenues is $1.18 billion, reflecting a 25.4% year-over-year growth [5] - The estimated Q3 FY26 EPS is 31 cents, indicating a 55% increase year-over-year [6][14] Competitive Advantage - Snowflake's competitive moat is strengthened by its AI-ready data infrastructure, which integrates governance, analytics, and machine learning [4] - The company's cloud-neutral architecture allows seamless data management across multiple environments, enhancing its appeal to enterprises [9] Customer Growth - The total customer estimate for Q3 FY26 is 12,482, a 21.8% increase year-over-year, with remaining performance obligations (RPO) projected at $7.46 billion, up 30.8% year-over-year [10] Valuation and Growth Potential - Snowflake's forward price-to-sales multiple is 16.65X, significantly higher than the industry average of 5.09X and the sector average of 6.92X, indicating strong fundamentals [11] - Management expects product revenues between $1.125 billion and $1.13 billion for Q3 FY26, suggesting 25-26% growth [14] Conclusion - Snowflake's robust execution and rising enterprise adoption position it as a compelling growth story in the software sector, supported by improving operating margins and consistent revenue momentum [16]

Core Insights - Investing in stocks with improving fundamentals and increasing exposure to enterprise AI is a smart strategy for long-term investors [1] - Snowflake's shares have gained nearly 60% in 2025 but remain 39% below their peak in November 2021 [1][2] Company Evolution - Snowflake has transitioned from a data warehousing company to an AI-powered data platform, positioning itself as a vital layer in the AI ecosystem [2] - The company’s revenue model is based on platform usage, which aligns interests but can lead to revenue volatility [4] Financial Performance - In Q2 of fiscal 2026, Snowflake's revenue increased by 32% year over year to $1.1 billion, with remaining performance obligations rising by 33% to $6.9 billion [7][8] - The company is not yet profitable on a GAAP basis but has shown a decline in losses, with a non-GAAP operating margin improvement of six percentage points to 11% [8] Customer Growth and AI Integration - Snowflake's AI Data Cloud is utilized by over 12,000 customers, including major technology enterprises [9] - The company added 533 customers in Q2, including 15 Global 2000 companies, and has 654 high-value customers contributing over $1 million [10] Innovations and Features - New features like Snowflake Intelligence and Cortex AI SQL enhance data management and insights generation [11][12] - Snowflake OpenFlow targets the $17 billion data integration market, enabling seamless data handling [14] Market Position and Valuation - Snowflake's shares trade at 20.4 times sales, justified by its critical role in AI infrastructure [17] - Analysts project revenue growth of 27.1% to $4.6 billion in fiscal 2026 and 23.8% to $5.7 billion in fiscal 2027 [19] Future Outlook - The partnership with Palantir Technology enhances data interoperability and accelerates enterprise AI development [18] - Analysts expect significant market capitalization growth, potentially reaching $116.28 billion by the end of fiscal 2027, indicating a 38% gain [20]