Enterprise data infrastructure proves resilient as Snowflake’s 32% growth defies tech slowdown fears
Want smarter insights in your inbox? Sign up for our weekly newsletters to get only what matters to enterprise AI, data, and security leaders. Subscribe Now Just days after Gartner’s stock plummeted 50% on warnings of slowing enterprise technology purchases, Snowflake delivered a resounding counter-narrative. Enterprises aren’t pulling back on data infrastructure. They’re doubling down. The cloud data platform company reported 32% year-over-year growth in product revenue for its fiscal second quarter, accelerating from the previous quarter and adding 533 new customers. More tellingly for enterprise technology leaders, AI workloads now influence nearly 50% of new customer wins and power 25% of all deployed use cases across Snowflake’s platform. “Our core business analytics…
