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C3.ai Q4 Earnings Highlights: Revenue Beat, EPS Beat, Q1 Guidance, 'Demand For Enterprise AI Is Intensifying'
Enterprise AI software company C3.ai Inc (NYSE:AI) announced fourth-quarter financial results after the market close Wednesday.
Here are the key highlights.
What Happened: The company reported fourth-quarter revenue of $86.6 million, up 20% year-over-year. The revenue beat a Street consensus estimate of $84.4 million, according to data from Benzinga Pro.
Subscription revenue totaled $79.9 million in the first quarter, up 41% year-over-year.
The company reported a loss of 11 cents per share, beating a Street consensus estimate of a loss of 30 cents per share.
The company closed 47 agreements in the fourth quarter, including 34 new pilots.
"We finished a strong quarter and closed out a huge year for C3 AI. This was our fifth consecutive quarter of accelerating revenue growth," CE AI CEO Thomas Siebel said.
"Demand for Enterprise AI is intensifying, and ...