Snowflake announced an expanded partnership with Microsoft Azure to offer access to OpenAI models on Wednesday.

As impressive as the results were, Snowflake was unable to make any progress in terms of profitability. Instead, it went backwards, with its net loss widening to $325.7 million, compared to a loss of $169.9 million in the year-ago period.

Key Takeaways Snowflake posted fourth-quarter results and an annual product revenue outlook that sailed past Wall Street estimates, sending shares in the cloud-based data storage provider sharply higher on Thursday.