C3.ai (AI) trades flat following mixed report
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C3 AI Announces Fiscal Second Quarter 2023 Financial Results
December 7, 2022 4:15 PM ESTÂ Subscription revenue growth of 26% year over year
REDWOOD CITY, Calif.--(BUSINESS WIRE)-- C3.ai, Inc. (C3 AI, C3, or the Company) (NYSE: AI), the Enterprise AI application software company, today announced financial results for its fiscal second quarter ended October 31, 2022.
It was a solid second quarter, with subscription revenue growing 26% year over year, said CEO Thomas M. Siebel. We made substantial progress ramping our consumption-based sales motion effort, which has been well received by our customers, partners, and sales organization. We expect consumption-based sales will be a substantial contributor to growth in forthcoming... More
