Welcome to our dedicated news page for C3.ai (Ticker: AI), a resource for investors and traders seeking the latest updates and insights on C3.ai.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect C3.ai's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of C3.ai's position in the market.
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C3 AI appoints Hitesh Lath as CFO, replacing Juho Parkkinen who transitions to VP of Finance. Lath brings two decades of finance and accounting experience from EY to guide the company's growth. CEO Thomas M. Siebel praises Parkkinen's contributions and welcomes Lath's leadership. The company's financial position is strong, with a focus on success in the enterprise AI sector.
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End-of-Day
24.52%
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C3.ai, Inc. (NYSE: AI) reports strong fiscal Q3 2024 results with revenue exceeding guidance, reaching $78.4 million, a 18% YoY growth. Subscription revenue constituted 90% of total revenue, with a 23% increase YoY. The Company's GAAP gross profit was $45.3 million, with a 58% margin. C3 AI's net loss per share was $(0.60) GAAP and $(0.13) non-GAAP. The Company holds $723.3 million in cash reserves. Customer engagement grew by 80% YoY to 445. C3 AI closed 50 agreements in Q3, saw partner-supported bookings grow by 337% YoY, and diversified across industries. Notable partnerships include Boston Scientific, T-Mobile, and the U.S. Department of Defense. C3 AI's Federal business showed significant strength with over 100% YoY revenue increase. The Company also closed 17 C3 Generative AI pilots across various industries. Financial guidance for Q4 FY 2024 and full-year FY 2024 is optimistic.
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Rhea-AI Sentiment
End-of-Day
24.52%
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The press release discusses the impact of generative AI on the work landscape and the insights shared by AI experts.
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-3.6%
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LatticeFlow AI appoints Tom Ulrich as Senior Vice President and General Manager for North America, signaling strategic expansion into the US market. Tom brings over 25 years of experience in building and developing world-class sales teams for high-growth enterprise SaaS companies. His appointment follows a successful career at C3.AI and MicroStrategy, with a focus on scaling early to mid-stage tech companies into hyper-growth phases. Tom's expertise in predictive analytics and AI highlights his potential for propelling LatticeFlow AI's advancement.
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0.69%
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C3 AI (AI) announces Genentech's expanded use of C3 AI Reliability for predictive maintenance software on biologics manufacturing equipment, increasing uptime and lowering maintenance costs. The AI application is used to ensure the operational efficiency of complex biologics manufacturing, benefiting patients with difficult-to-treat diseases. Genentech has scaled its AI footprint to around 200 pieces of equipment and trained nearly 200 users on the C3 AI Platform.
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-2.94%
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C3.ai, Inc. to release fiscal third quarter financial results on February 28, 2024. The company will host a conference call and webcast to discuss the results. Analysts and investors can participate in the question-and-answer session. Access to the conference call and webcast is available through registration on the C3 AI Investor Relations website.
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3.74%
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C3 AI, Inc. (NYSE: AI) reported a 17% year-over-year increase in total revenue to $73.2 million for the fiscal second quarter ended October 31, 2023. Subscription revenue constituted 91% of the total revenue, reaching $66.4 million. The company's GAAP gross profit was $41.1 million, with a 56% gross margin, and a non-GAAP gross profit of $50.4 million, representing a 69% non-GAAP gross margin. C3 AI also announced a 81% year-over-year growth in customer engagement, reaching 404 customers. The company closed 62 agreements, including 36 pilots, and expanded agreements with key customers like GSK, Indorama, and First Business Bank. C3 AI also saw significant growth in its federal business, with federal bookings representing almost half of total bookings, and closing 20 new federal agreements. The company's generative AI offerings received unprecedented interest and traction, with 20 new agreements closed for C3 Generative AI in the second quarter.
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-10.77%
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C3 AI (AI) announced the listing of its no-code, self-service generative AI application, C3 Generative AI: AWS Marketplace Edition, in AWS Marketplace. The application will be available for a 14-day free trial and aims to transform work for everyone by providing generative AI solutions to enterprise users. C3 AI CEO Thomas M. Siebel highlighted the company's commitment to innovation and leadership in Enterprise AI, emphasizing the importance of delivering powerful, secure, and built-for-the-enterprise solutions.
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1.68%
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C3.ai, Inc. (NYSE: AI) to issue financial results for fiscal second quarter on December 6, 2023. The Enterprise AI application software company will host a conference call and webcast to discuss the results, with analysts and investors invited to participate in the Q&A session.
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1.21%
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C3 AI (NYSE: AI) expands its Strategic Collaboration Agreement with Amazon Web Services (AWS) to develop advanced generative AI solutions for enterprises across multiple industries, including manufacturing, power & utilities, and consumer packaged goods. The collaboration aims to create a seamless onboarding process for shared customers to derive immediate value from generative AI.
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Rhea-AI Sentiment
End-of-Day
7.36%
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C3.ai, Inc.
NYSE:AI
AI Rankings
AI Stock Data
2.77B
105.88M
9.55%
46.85%
26.09%
Software Publishers
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United States of America
REDWOOD CITY
About AI
c3 ai is a leading #enterpriseai software provider for accelerating digital transformation. c3 ai delivers the c3 ai application platform for developing, deploying, and operating large-scale ai, predictive analytics, and iot applications, in addition to an increasingly broad portfolio of turnkey ai applications. the core of the c3 ai offering is a proprietary, model-driven ai architecture that dramatically enhances data science and application development.