Snowflake Inc.SNOW
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Snowflake beat Q2 estimates and raised guidance, driving a 22.3% stock jump.
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Snowflake Raises Fiscal 2027 Product Revenue Guidance to $6.07 Billion
Snowflake raised its fiscal 2027 product revenue guidance to $6.07 billion, implying 36% year-over-year growth, up from its previous outlook of $5.84 billion and 31% growth. The company's fiscal second-quarter product revenues rose 37% to $1.49 billion, accounting for 96% of total revenues, and fiscal third-quarter product revenues are expected between $1.588 billion and $1.593 billion, indicating 37-38% growth. Snowflake ended the second quarter of fiscal 2027 with 14,554 total customers, up 32% year over year after adding 692 net new customers, while 828 customers generated more than $1 million in trailing 12-month product revenues, up 27% year over year. The company's AI products contributed roughly half of the recent acceleration, with CoCo surpassing 9,100 accounts and CoWork expanding to 5,800 accounts, up nearly 11% sequentially. The Zacks Consensus Estimate for fiscal third-quarter revenues is $1.65 billion, indicating 36.11% year-over-year growth, with earnings pegged at 60 cents per share, up 71.43% year over year, while the stock trades at a forward 12-month Price/Sales of 15.83X versus the Internet Software industry's 4.44X.
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SNOW · Capital · Positive Snowflake raised fiscal 2027 product revenue guidance to $6.07B and posted 37% Q2 product revenue growth with strong customer additions
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JapanThinkingAI Opens Agentic Growth Platform to Game Studios With Plans From $0
ThinkingAI, which builds autonomous growth software for consumer and gaming companies, has opened its analytics, engagement and agent stack to game studios that buy software with a card instead of a procurement cycle, offering four self-serve plans priced from $0 to $999 a month. The Free tier costs $0 and includes 2 million events a month, 1 project, 1 seat, 12 months of data retention and $10 in Agent Credits for the first month, with no credit card required. Starter costs $199 a month for 5 million events, 2 projects, 5 seats, 24 months of retention and $25 a month in Agent Credits, while Pro costs $399 a month for 10 million events, 2 projects, 10 seats, 48 months of retention and $50 a month in Agent Credits. Team costs $999 a month for 30 million events, 3 projects, 15 seats, 60 months of retention and $100 a month in Agent Credits, and an Enterprise tier is sold by agreement with sales for larger studios with compliance or data residency requirements. Annual billing saves 20%, paid plans are billed through Stripe and can be cancelled at any time, and a studio that outgrows its event allowance moves up a plan inside the product with no re-instrumentation and no migration. The plans follow ThinkingAI's Sept. 16 launch of the Agentic Engine and draw on 10 years of behavioral data across more than 1,500 enterprises and 8,000 applications, including Sega, Krafton, Habby, Century Games, Xiaomi, Yostar, TCL and FunPlus, and are being announced at the ThinkingAI Agentic Game Growth Summit in Istanbul, co-hosted with Mobidictum.
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ThinkingAI · Demand · Positive ThinkingAI opened its agentic growth platform to game studios with self-serve plans from $0 to $999/month, expanding adoption of its product.
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Zeta Global agrees to acquire Digital Audience in AI infrastructure push
Zeta Global announced on Tuesday that it has agreed to acquire Digital Audience, a data infrastructure company. The deal will expand Zeta's identity and digital activation capabilities while adding an experienced team of data and AI engineers. The acquisition is also expected to expand the company's European presence and add established enterprise customer relationships in the region. Zeta said it will work with the Digital Audience team to ensure customer continuity after the deal closes. Financial terms of the transaction were not disclosed.
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ZETA · Capital · Positive Zeta Global agreed to acquire Digital Audience, expanding its identity, digital activation, and European enterprise capabilities.
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Euromonitor Launches Next-Generation Passport With AI Assistant Integration
Euromonitor International unveiled the next generation of Passport, its AI-powered market intelligence platform, on October 6, 2026. The rollout begins today, with clients transitioning to the new Passport experience in phases through a structured onboarding programme. A defining feature is Passport Connect, which extends Euromonitor intelligence beyond the Passport platform into the tools organisations use every day, letting teams access trusted market insight in Microsoft Copilot and other supported AI assistants through MCP, and bring Euromonitor data into their own applications, enterprise systems and workflows through APIs and integrations. The rebuilt platform allows users to ask questions in natural language, connects intelligence across markets, consumers, companies and economies, and uses AI-generated summaries and unified search to reach relevant insight faster. CEO Tim Kitchin said the next generation of Passport builds on more than 50 years of independent research and expert analysis, while Chief Technology Officer Chris Fosberry said Passport Connect makes Euromonitor's market intelligence accessible within the tools organisations already know.
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Euromonitor International · Technology · Positive Euromonitor launched its next-generation AI-powered Passport platform with Passport Connect, AI summaries and unified search.
MSFT · Demand · Positive Passport Connect extends Euromonitor intelligence into Microsoft Copilot via MCP, boosting Copilot's enterprise integration ecosystem.
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Veeva DQS Cleans Data for Over 1 Million Subjects Across More Than 1,000 Studies
Veeva Systems announced that its Veeva DQS data quality system has aggregated and cleaned data for more than 1 million subjects across more than 1,000 studies, with more than 500,000 automated queries saving thousands of hours in data reconciliation for sites and sponsors. The system automates data workflows, classifies and visualizes critical data, and orchestrates risk-based actions while eliminating manual data reconciliation. It also enables risk-based quality management through automated data exchange with Veeva CTMS, instantly alerting clinical operations teams to key data changes such as protocol deviations and letting clinical data teams calculate, track, and action key risk indicators. Veeva DQS embeds AI to speed classification of study data and understand its purpose and criticality, generating items such as reports, listings, or test scripts and delivering role-based user experiences and workflows. Ibrahim Kamstrup-Akkaoui, vice president at Novo, said Veeva DQS can help manage, format, clean, and prepare growing clinical trial data for submission more efficiently, while Pavel Burmenko, lead of Veeva DQS strategy, said the platform is ushering in next-generation data management. Veeva also noted that Veeva Study Builder Agent, recently announced, configures Veeva EDC and Veeva DQS directly from a study protocol for faster, more consistent study builds.
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VEEV · Technology · Positive Veeva DQS reached 1M+ subjects across 1,000+ studies with AI-driven data cleaning and risk-based quality management, advancing its clinical data platform.
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ASOS hack claim against Snowflake instance sends Snowflake shares lower
Snowflake shares fell about 3% in premarket trading on Tuesday after ASOS customers received a notification claiming that hackers had compromised the retailer's Snowflake instance and threatened to leak data. The notification, addressed to ASOS's data protection officer and IT department, was widely shared on social media and reported by media outlets. "Dear ASOS DPO and IT, we have fully compromised the Snowflake instance. Engage with us, or we will leak it," the message reads. The reports also weighed on ASOS shares, which fell more than 10% in London. Snowflake did not immediately respond to Seeking Alpha's request for a comment.
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SNOW · Regulation · Negative Hackers claim to have compromised an ASOS Snowflake instance, raising security/legal concerns for Snowflake's platform.
ASC.LSE · Regulation · Negative ASOS customers received a notification claiming hackers compromised the retailer's Snowflake instance and threatened to leak data, sending ASOS shares down over 10%.