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Snowflake reported its fiscal Q2 2027 on September 2. Product revenue reached $1.49 billion, up 37% year over year. This marked the third consecutive quarter of accelerating growth according to [SaaStr](https://www.saastr.com/5-interesting-learnings-from-snowflake-at-6-billion-in-revenue-37-growth-and-accelerating-126-nrr-and-a-gross-margin-guided-down-to-pay-for-ai/).
Product revenue growth moved from 30% in fiscal 2026 to 34% then 37%.
Salesforce reported Q2 FY27 results on August 26. Revenue reached $11.345B, up 11% year over year. Current remaining performance obligation rose to $33.5B, up 14% year over year and in constant currency. Non-GAAP EPS came in at $5.90, up 103%. The company raised FY27 revenue guidance to $46.1B-$46.4B.
cRPO growth reached 14% in Q2 FY27 after 10% in Q2 FY26 and 13% in Q1 FY27.