C3.ai Reports Strong Q1: Turnaround is On Track, CEO Says

Benzinga Earnings
11 hours ago

C3.ai (NYSE:AI) posted its fiscal 2027 first-quarter results after Wednesday’s closing bell, beating estimates on the top and bottom lines. Here’s a look at the details inside the report. 

C3.ai Q1 Details       

C3.ai reported quarterly losses of 20 cents per share, which beat the Street estimate for losses of 25 cents, per Benzinga Pro data. 

Quarterly revenue came in at $52.38 million, which beat the analyst consensus of $52.12 million. Subscription revenue was $49.2 million and constituted 94% of total revenue.

“Revenue has stabilized, free cash flow is positive, operating loss has narrowed, and Forrester Research named C3 AI a leader in Enterprise AI,” said Thomas M. Siebel, CEO of C3.ai.

“The plan is working, we are on track with laser-like management discipline to grow revenue, generate cash, attain non-GAAP profitability, maintain technology leadership and increase customer satisfaction,” Siebel added.

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