12:14 ET -- With yesterday's raised guidance, Snowflake joins an array of other software companies expecting higher sales after seeing continued strong demand for their products at the start of the year. Palantir and Monday.com both bumped up their full-year outlooks this month after logging 39% and 30% higher sales last quarter, respectively. ServiceNow also upped its guidance slightly last month after posting 19% revenue growth in its latest period. The boosted expectations ease investor fears that such companies could face a drag on sales as tariffs hit corporate profits and government efficiency aims slash federal clients' budgets. (kelly.cloonan@wsj.com)
(END) Dow Jones Newswires
May 22, 2025 12:14 ET (16:14 GMT)
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