By Maria Armental

Snowflake Inc. raised its product revenue projections for the year, following a stronger-than-expected performance in the third quarter.

The company said it now expects product revenue for the year to reach $1.12 billion to $1.13 billion, up from its earlier view of $1.06 billion to $1.07 billion.

This quarter, it projects $345 million to $350 million in product revenue, compared with analysts' projected $316 million, according to FactSet.

Write to Maria Armental at maria.armental@wsj.com

(END) Dow Jones Newswires

12-01-21 1629ET