Data-cloud platform company Snowflake (NYSE: SNOW) impressed investors with its fiscal third-quarter earnings report this week. Shares of the growth stock managed to rise nearly 8% by the time the market closed Thursday -- the first trading day following the company's earnings report.
AWS continues to push the envelope to vertically integrate, challenging other top software and hardware suppliers.
Shares of Snowflake (NYSE: SNOW) traded higher Thursday morning, jumping as much as 5.3%. For its fiscal 2023 third quarter (ended Oct. 31), Snowflake generated revenue of $557 million, up 67% year over year, driven by product revenue that also grew 67%.