Upgrade to SI Premium - Free Trial

C3.ai (AI) Misses Q3 EPS by 7c, Revenues Beat; Offers 4Q & FY21 Revenues Guidance Above Consensus

March 1, 2021 4:42 PM

C3.ai (NYSE: AI) reported Q3 EPS of ($0.23), $0.07 worse than the analyst estimate of ($0.16). Revenue for the quarter came in at $49.11 million versus the consensus estimate of $47.28 million.

Third Quarter Financial Highlights

“We continue to establish our leadership as the only enterprise AI software pure play," said CEO Thomas M. Siebel. “This is a large and rapidly growing market; we continue to innovate; we continue to expand our market-partner ecosystem and associated distribution capacity; and we continue to demonstrate technology leadership. I believe that we are increasingly well-positioned to establish a global market leadership position in enterprise AI software.”

GUIDANCE:

C3.ai sees Q4 2020 revenue of $50-51 million, versus the consensus of $48.36 million.

C3.ai sees FY2020 revenue of $180.9-181.9 million, versus the consensus of $177.12 million.

For earnings history and earnings-related data on C3.ai (AI) click here.

Categories

Corporate News Earnings Guidance Hot Guidance Management Comments

Next Articles