C3.ai Completes Switch to New Business Model, as Sales Meet Street Estimates

C3.ai


The stock is little changed after the enterprise artificial intelligence software company posted financial results for its fiscal second quarter ended October 31 that were broadly in line with guidance and Street estimates.

For the quarter, C3.ai (ticker: AI) reported revenue of $62.4 million, up 7% from a year ago and above the guidance range of $60 million to $62 million, and above the Street consensus forecast of $60.9 million was ahead C3.ai Posted Non-GAAP Loss From Operations Of $15 Million; The company’s guidance had called for a loss of $15 million to $20 million. The company reported a non-GAAP loss of 11 cents per share, beating the Street consensus forecast for a loss of 16 cents per share.

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