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AI Fuels Snowflake’s Accelerating Revenue Growth

Bloomberg Technology Thursday 03 September 2026, 17:22 UTC 1 min read
Key Points

Snowflake posted a third straight quarter of accelerating product revenue growth and raised its full-year outlook, with CEO Sridhar Ramaswamy saying AI accounted for about half of the company’s outperformance. He discusses the rapid adoption of Snowflake’s AI coding agent Coco, growing customer usage, and how the company is competing with Databricks in the race to turn enterprise data into AI-driven growth. He joins Ed Ludlow on "Bloomberg Tech."

Snowflake posted a third straight quarter of accelerating product revenue growth and raised its full-year outlook, with CEO Sridhar Ramaswamy saying AI accounted for about half of the company’s outperformance. He discusses the rapid adoption of Snowflake’s AI coding agent Coco, growing customer usage, and how the company is competing with Databricks in the race to turn enterprise data into AI-driven growth. He joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)
AI Fuels Snowflake’s Accelerating Revenue Growth Snowflake (ORG) Sridhar Ramaswamy (ORG) AI (ORG) Snowflake’s AI (ORG) Coco (PERSON) Ed Ludlow (PERSON) Bloomberg Tech (ORG)
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