Reported about 1 month ago
C3.ai reported a quarterly subscription revenue of $73.5 million, missing estimates of $79.1 million, leading to a 17% drop in its shares. This underperformance is attributed to enterprises cutting back on software investments due to economic uncertainties and high interest rates. Despite the decline, total revenue exceeded expectations at $87.2 million, and the company maintained its overall revenue forecast for the fiscal year.
Source: YAHOO