25
May
(Michael Vi/Shutterstock) Investors in Snowflake breathed a sigh of relief this week when the cloud data warehouser reported solid revenue growth for its first quarter and raised its guidance for the rest of the year. But questions still remain over its long-term growth, which the company is hoping that artificial intelligence will power. The company’s acquisition this week of assets of TruEra fits that mold. Snowflake on Wednesday reported $829 million in total GAAP revenues for the quarter ended April 30, 2024, representing a 33% increase over the same period last year. It reported 14 cents per share, which was…