C3.Ai, Inc. Stock Price, News & Analysis

C3 AI (NYSE: AI) has announced the addition of seven new members to the Open AI Energy Initiative (OAI), enhancing its ecosystem with diverse expertise. The new members, including Aligned Automation, Infosys, EPAM Systems, Wipro, KBC, Akselos, and Databricks, aim to provide innovative AI-based solutions for the energy sector. This expansion will introduce a new modeling and simulation category, further aiding the energy industry's optimization and cost reduction efforts.

C3 AI (NYSE: AI) will report its financial results for the fiscal second quarter ending October 31, 2022, on December 7, 2022, after U.S. market close. A conference call will follow at 2:00 p.m. PDT, where analysts and investors can engage in a Q&A session. Participants must register to receive dial-in details. A live webcast will be available on the C3 AI Investor Relations website, and an audio replay will be accessible for 30 days post-call.

New York Governor Kathy Hochul mandates 100% clean electricity for state agencies by 2030 through an executive order. This effort leverages the NY Power Authority's NY Energy Manager application, developed in collaboration with C3 AI (NYSE: AI). The platform, already deployed to about 1,000 customers, will serve as the official system for energy data across state agencies. C3 AI's Energy Management solution supports real-time tracking of energy use and greenhouse gas emissions, aligning with rising environmental, social, and governance (ESG) demands.

C3 AI has announced a significant three-year expansion of its partnership with Google Cloud, aimed at enhancing their joint selling and co-development efforts. This partnership allows C3 AI's full suite of enterprise AI applications to be available on Google Cloud, targeting Fortune 2000 companies. The collaboration will include the development of new AI-driven applications utilizing Google Cloud's advanced capabilities. The partnership underscores their initial success and aims to optimize areas like supply chains and sustainability.

C3 AI (NYSE: AI) has announced the AI Defense Forum scheduled for September 8 in Pentagon City, Virginia. This event aims to accelerate AI adoption within national security, featuring leaders from government, academia, and industry. Keynote speakers include C3 AI's CEO Thomas M. Siebel and several retired military generals. The forum will address strategic imperatives and successful AI deployments relevant to the Department of Defense's modernization efforts in enhancing equipment readiness and battlefield data synthesis.

C3.ai reported a 25% year-over-year revenue growth for Q1 FY 2023, totaling $65.3 million, marking the seventh consecutive quarter of meeting or exceeding revenue guidance. The company is transitioning to a consumption-based pricing model, aligning with industry trends to enhance growth and profitability.

Despite a GAAP net loss per share of $(0.67), improvements in gross profit margins and cash reserves of over $930 million position C3 AI favorably against market challenges. The company aims for non-GAAP profitability by FY 2024.

C3.ai, a leader in Enterprise AI application software, announced upcoming presentations at two key conferences. The company's CTO and CFO will present at the Deutsche Bank Technology Conference on September 1, 2022, at 11:45 am PDT, while the CEO and CFO will speak at the Piper Sandler Growth Frontiers Conference on September 13, 2022, at 9:30 am PDT. Both events will be available for live streaming on the C3 AI Investor Relations website, with replays accessible for 90 days. C3.ai continues to innovate with its integrated AI products.