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According to BIT market data, Snowflake raised its full year sales forecast after announcing quarterly results and stated that the adoption of AI assisted coding tool CoCo has accelerated, driving the company's after hours stock price up more than 21%. Snowflake expects product revenue of approximately $6.07 billion for the fiscal year ending in January next year, higher than the May forecast and exceeding the average analyst expectation of $5.86 billion. Product sales account for approximately 95% of the company's total revenue. The company stated that over 2000 new customer accounts were added using CoCo during the quarter, bringing the total number of accounts in use to 9100. As of the quarter ending in July, Snowflake's product revenue increased by 37% year-on-year to $1.49 billion, exceeding analysts' expectations of $1.42 billion; The remaining performance obligation is $9 billion, lower than the average analyst expectation of $9.37 billion.