C3 AI Announces Record Fiscal 2021 Results
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June 3, 2021 8:56 AM EDT
Shares of C3.Ai (NYSE: AI) have plunged 11% in pre-open Thursday after the company reported slowing subscription revenue.
The companys revenue in the quarter that ended in April climbed 26% from the year-ago period to $52.3 million, marking a net loss of 24 cents a share, compared to analysts estimated revenue of $50.6 million and a 25-cent net loss per share. C3.ais remaining performance obligation surged 23% to $293.8 million.
"We achieved strong business and financial results in the fourth quarter and full fiscal year, as we advance our leadership position as the enterprise AI... More
June 2, 2021 4:42 PM EDT
C3.ai (NYSE: AI) reported Q4 EPS of ($0.24), $0.02 better than the analyst estimate of ($0.26). Revenue for the quarter came in at $52.3 million versus the consensus estimate of $50.6 million.
GUIDANCE:
C3.ai sees Q1 2022 revenue of $50-52 million, versus the consensus of $50.5... More
