Reported about 1 month ago
C3.ai's stock dropped 12% after the company reported lower-than-expected subscription revenue for the first quarter of fiscal year 2025, sparking concerns among investors. Despite a 21% year-over-year growth in total revenue, subscription revenue of $73.5 million came in 7% below predictions. Analysts noted increased scrutiny as the market shifts focus on companies experiencing challenges amid the AI hype.
Source: YAHOO