C3.ai Stock Soars on Earnings: Increased Revenues, Raised FY Guidance and Strong AI Demand
    C3.ai Stock Soars on Earnings: Increased Revenues, Raised FY Guidance and Strong AI Demand
    PRISM View

    May 30, 2024 - by Ashlee Vogenthaler

    C3.ai Stock Soars on Earnings: Increased Revenues, Raised FY Guidance and Strong AI Demand

    30 May 2024

    New York, May 30, 2024 - PRISM MarketView - The AI application software company C3.ai (AI) announced positive Q4 earnings today that boosted the stock up ~13% as it took the lead in the PRISM NextGen Tech and AI Index.
    C3.ai, Inc. - Prism MarketView

    C3.ai, Inc. - Prism MarketView

    C3 AI provides over 40 turnkey Enterprise AI applications that meet the business-critical needs of global enterprises in manufacturing, financial services, gove

    Read More

    C3 AI Announces Fiscal Fourth Quarter and Full Fiscal Year 2024 Financial Results

    REDWOOD CITY, Calif., May 29, 2024--C3.ai, Inc. ("C3 AI," "C3," or the "Company") (NYSE: AI), the Enterprise AI application software company, today announced financial results for its fiscal fourth quarter and full fiscal year ended April 30, 2024.

    Read More

    The company’s Q4 EPS beat estimates (($0.11) ex-items vs FactSet ($0.30)) and revenues also came in above consensus ($86.6M vs FactSet $84.4M). Furthermore, the company’s FY revenue guidance beat ($370M-$395M vs FactSet $367.7M) as investors received the news with positive response.

    “We finished a strong quarter and closed out a huge year for C3 AI. This was our fifth consecutive quarter of accelerating revenue growth. Our Q4 revenue grew by 20% y/y to $86.6M, exceeding the top end of our guidance. Our full year revenue grew by 16% to $310.6M, also exceeding the top end of our guidance. Demand for Enterprise AI is intensifying, and our first to market advantage in Enterprise AI positions us well to capitalize on it. Our Enterprise AI applications have been adopted across 19 industries, underscoring increasing market diversity. Our federal revenue grew by more than 100% for the year. The interest we are seeing in our generative AI applications is staggering.”

    C3 AI CEO and Chairman Thomas M. Siebel

    About PRISM MarketView
    Established in 2020, PRISM MarketView is dedicated to monitoring and analyzing small-cap stocks in emerging sectors. We offer up-to-the-minute financial news, provide comprehensive investment tools, and foster a dynamic community of investors. Central to our offerings are proprietary indices that track emerging sectors, including biotechnology, clean energy, next-generation technology, medical devices, and more. Visit us at prismmarketview.com and follow us on Twitter.
    To see this content properly accept cookies.
    Disclaimer:
    PRISM MarketView is not a registered or authorized broker-dealer or investment advisor and does not offer investment advice. The information provided in this communication is not intended to constitute an offer to sell, a solicitation of an offer to buy, or a recommendation for any security.
    Contact:
    PRISM MarketView
    info@prismmarketview.com
    646-863-6341
    Prism MarketView | Stock Market News and Investment Opportunities
    To see this content properly accept cookies.
    PRISM MarketView - Social Media (X)
    To see this content properly accept cookies.
    To see this content properly accept cookies.
    To see this content properly accept cookies.
    We use cookies to run our website, analyze your use of our services, manage your online preference & personalize ad content. By accepting our cookies, you’ll get relevant content and social media features, personalized ads, and an enhanced browsing experience. To manage your choices, click „Cookie Settings”. Necessary cookies are required for the core website functionality and cannot be rejected. For more information, see our Cookie Policy.
    Cookie settings
    Cookies used on the site are categorized and below you can read about each category and allow or deny some or all of them, except for Necessary Cookies which are required to provide core website functionality. When categories that have been previously allowed are disabled, all cookies assigned to that category will be removed from your browser. You can see a list of cookies assigned to each category and detailed information on those cookies in the “Cookie Policy” tab.
    Necessary cookies
    Some cookies are required to provide core functionality. The website won't function properly without these cookies and they are enabled by default and cannot be disabled.
    Preferences
    Preference cookies enables the website to remember information to customize how the website looks or behaves for each user. This may include storing selected currency region, language or color theme.
    Analytical cookies
    Analytical cookies help us improve our website by collecting and reporting information on its usage.
    Marketing cookies
    Marketing cookies are used to track visitors across websites to allow publishers to display relevant and engaging advertisements. By enabling marketing cookies, you grant permission for personalized advertising across various platforms.