{
  "id": 7122267,
  "title": "Snowflake’s Blowout Quarter Adds to a Software Sector Already Rallying on AI",
  "url": "https://urgent.news/2026/09/13/snowflakes-blowout-quarter-adds-to-a-software-sector-already-rallying",
  "topic": "ai",
  "section": "AI",
  "published": "2026-09-13T13:38:32.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/technology/ai/articles/snowflake-blowout-quarter-adds-software-133832576.html"
  },
  "original_language": "en",
  "account": "Snowflake Inc. reported a notable quarter on September 2, highlighting real-world spending on AI within software companies closer to customers. CEO Sridhar Ramaswamy revealed that AI products contributed around half of the 37% increase in product revenue to $1.49 billion. Analysts viewed this as a sign of increasing demand for AI in Snowflake's core data platform. Following this, Salesforce Inc. also revealed strong results, including an 11% year-over-year revenue growth, and announced a partnership with Anthropic called Claudeforce. Both events contributed to a rally in enterprise software stocks, with several companies seeing gains ranging from 3.5% to 6%. Investors are now watching for sustainability in this growth trend, with Snowflake focusing on core-platform consumption and Salesforce evaluating metrics like Agentforce ARR growth and cRPO. While both companies show promising signs, the long-term impact of AI adoption on enterprise software remains to be seen.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}