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

C3 AI announced that its C3 AI Suite has achieved FedRAMP Ready status, expediting government authorization processes. This status underlines the suite's compliance with stringent security requirements, facilitating its deployment by government agencies. With AI becoming increasingly vital for federal operations, this designation promises enhanced security for users while transitioning from outdated IT systems to modern, cloud-based solutions. C3 AI's collaboration with Project Hosts further strengthens its position in the federal sector amidst evolving cyber threats.

C3 AI (NYSE: AI) announced that Con Edison’s collaboration with them received recognition at the inaugural IDC Future Enterprise Best in Future of Intelligence North America Awards. This partnership focused on deploying AI applications to decrease energy generation, operating costs, and CO₂ emissions. Con Edison integrated data from 27 enterprise systems, generating 800 billion new rows of data annually, leading to an estimated operational benefit of $48.4 million per year. The awards celebrate organizations enhancing business outcomes through enterprise intelligence.

C3 AI (NYSE: AI) announced a major expansion of its predictive maintenance program in collaboration with Shell, monitoring over 10,000 equipment pieces globally. This deployment enables early identification of equipment failures, reducing unplanned downtime and improving safety. The predictive maintenance system processes 20 billion data rows weekly and employs nearly 11,000 machine learning models. Shell aims to further enhance this program and explore new applications using C3 AI technology. This partnership underscores C3 AI's commitment to advancing AI solutions in the energy sector.

C3 AI (NYSE: AI) and LyondellBasell (NYSE: LYB) have expanded their strategic partnership for an additional five years to enhance the deployment of AI applications on the C3 AI Suite. Since their collaboration began in 2020, they have focused on optimizing asset management, supply chains, and plant reliability. C3 AI aims to revolutionize LyondellBasell's operations, boosting shareholder value and advancing competitiveness in the chemicals sector. This partnership underscores the commitment to enterprise digital transformation.

C3 AI (NYSE: AI) has announced the opening of a new software development center in Guadalajara, Mexico, set to launch on March 4. The center aims to boost the development of AI applications across various industries, including finance and healthcare, and will hire up to 1,000 software developers. According to IDC, the AI market is projected to grow from $342 billion in 2021 to $500 billion by 2024. CEO Thomas M. Siebel emphasized Guadalajara's tech talent pool as a key factor in the decision to expand operations in the region.

C3.ai reported a 42% year-over-year revenue growth to $69.8 million for Q3 FY 2022. The increase is attributed to enhanced sales momentum and the expansion of its customer base. Subscription revenue grew by 34% to $57.1 million. The company raised its FY 2022 revenue guidance to $252 million, a 38% increase over the previous year. C3.ai also saw significant growth in remaining performance obligations, reflecting 90% growth to $469.3 million. Despite a net loss per share of $(0.38), C3.ai is optimistic about its market position and future prospects.

C3.ai, Inc. (NYSE: AI), a leading Enterprise AI software company, announced management's upcoming presentations at two key conferences. The presentations are set for the JMP Securities Technology Conference on March 7, 2022, at 3:00 PM PT, and the Morgan Stanley Technology, Media & Telecom Conference on March 10, 2022, at 2:25 PM PT. Live webcasts will be available on ir.c3.ai, with replays accessible for 90 days. C3.ai offers a comprehensive suite of enterprise AI solutions aimed at digital transformation.

C3 AI (NYSE: AI) will announce its financial results for Q3 FY 2022 on March 2, 2022, after U.S. market close. The results cover the period ending January 31, 2022. A conference call will take place at 2:00 PM PT / 5:00 PM ET on the same day. Investors can join via the C3 AI Investor Relations website or by dialing in. An audio replay will be available for 30 days following the conference call.

As an Enterprise AI application software company, C3 AI offers integrated products, including the C3 AI Suite and industry-specific SaaS applications to support digital transformation.

Data Vault Holdings Inc. appointed Tony Evans, General Manager of Financial Services for C3 AI (NYSE: AI), to its advisory board, enhancing its expertise in artificial intelligence, machine learning, and fintech. Mr. Evans brings extensive experience in business strategy and customer-focused innovations across multiple sectors, focusing on automation and scaling of crypto data solutions. Data Vault is finalizing the consolidation of its affiliates under one corporate structure and plans to announce more advisory members soon, aiming to bolster its market insights and data monetization strategies.