C3.Ai Inc Q1 Earnings: Revenue Beat, EPS Beat, CEO Highlights 'Accelerating Revenue Growth'
AIC3.ai(AI) Benzinga·2024-09-05 04:29

Enterprise artificial intelligence company C3.ai Inc AI’s stock is plunging after-hours Wednesday following its first-quarter earnings report. Here are the key highlights.What Happened: C3.ai reported first-quarter revenue of $87.2 million, up 21% year-over-year. The revenue figure beat a Street consensus estimate of $86.9 million, according to data from Benzinga Pro.Subscription revenue was $73.5 million in the first quarter, up 20%. Subscription revenue made up 84% of the company's total revenue in the fi ...