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

C3 AI (NYSE: AI) has been ranked a Leader in AI and Machine Learning Platforms by Forrester Research in their July 2022 report. This recognition highlights C3 AI's comprehensive strategy for enterprise AI, which includes a library of industry-specific solutions and deep partnerships. C3 AI achieved the highest possible scores in several categories, including Product Vision and Application Tools. CEO Thomas Siebel emphasized the significance of this acknowledgment in advancing enterprise AI adoption and simplifying decision-making for potential clients.

C3 AI has announced that Raytheon Technologies will utilize the C3 AI Application Platform to enhance the U.S. Army's Tactical Intelligence Targeting Access Node (TITAN) program. This collaboration aims to integrate advanced AI and machine learning capabilities to support multi-domain operations and bolster national security. The TITAN initiative will gather data from various sensors to improve targeting and operational awareness, furthering the Department of Defense's JADC2 strategy. This partnership underscores C3 AI's role in delivering mission-critical technology solutions.

The U.S. Department of Health and Human Services (HHS) has awarded a $90 million, five-year Blanket Purchase Agreement (BPA) to C3 AI (NYSE: AI) and CITI through Carahsoft. This agreement, titled 'Solutioning with Holistic Analytics Restructured for the Enterprise (SHARE),' aims to expedite enterprise AI solutions across HHS agencies, including NIH, FDA, and CDC. C3 AI's platforms will support data-driven initiatives and aid public health challenges. Notably, C3 AI has contributed over $5 million in funding for COVID-19 research over the past two years.

C3 AI announced the appointment of retired General John E. Hyten to its advisory board, highlighting its commitment to defense and federal sectors. General Hyten, previously the 11th Vice Chairman of the Joint Chiefs of Staff, brings extensive military leadership experience, particularly in space operations. His role focuses on leveraging Enterprise AI technologies for national security and defense applications. The advisory board includes notable figures like Lieutenant General Ed Cardon and Lieutenant General H. R. McMaster, enhancing C3 AI’s strategic positioning in the market.

C3 AI has been awarded the Google Cloud Technology Partner of the Year for its achievements in the artificial intelligence and machine learning category. The recognition highlights C3 AI's role in helping customers across various industries expedite the deployment of Enterprise AI applications. The company emphasized its partnership with Google Cloud, leveraging products like Google Kubernetes Engine and BigQuery to enhance AI application deployment. This accolade underscores C3 AI’s commitment to delivering innovative solutions that create customer value.

C3 AI has launched the C3 AI Supply Chain Suite, powered by Google Cloud, to enhance global supply chain resilience and on-time customer deliveries. This innovative suite features better demand forecasting, optimized inventory management, and greater supplier lead time visibility. By leveraging Google Cloud technologies like Google Kubernetes Engine and Vertex AI, the suite enables rapid data integration and actionable insights for various industries, including manufacturing and retail.

C3 AI (NYSE: AI) has announced a renewed, five-year agreement with Koch Industries to expand the use of its Enterprise AI technology across various sectors. This partnership aims to enable Koch to develop custom applications using the C3 AI Application Platform and deploy several specialized applications including C3 AI Reliability and C3 AI Energy Management. Koch's analysts will also leverage C3 AI Ex Machina for AI decision-making tools. Koch Industries' CEO highlighted the success of current C3 AI applications, while C3 AI's CEO emphasized the partnership's significant financial and operational benefits.

C3.ai, Inc. (NYSE: AI), a leading Enterprise AI application software company, announced its participation in the Baird 2022 Global Consumer, Technology & Services Conference. The presentation is scheduled for Tuesday, June 7, 2022, at 5:30 am Pacific Time (8:30 am Eastern Time). A live webcast of the presentation will be available on their investor relations site, with a replay accessible for 90 days thereafter. C3.ai offers a comprehensive suite of products aimed at driving digital transformation across various industries.

C3 AI reported a robust fiscal year 2022, with revenue reaching $252.8 million, a 38% growth year-over-year. The fourth quarter revenue also rose 38% to $72.3 million. Subscription revenue increased 31% to $206.9 million for the year. Despite a net loss per share of $(1.84), C3 AI's cash reserves stand at $992.2 million, enabling continued investment in growth. The company expanded its client base to 223 customers, with significant contracts from the U.S. DoD and partnerships with major firms like Google and Raytheon.