C3.Ai Inc (NYSE:AI) shares are rising Thursday after the company reported better-than-expected results for the fourth quarter. The company also announced that the U.S. Air Force raised its contract ceiling to $450 million.
What Happened: C3 AI reported fourth-quarter revenue of $108.7 million, beating estimates of $107.73 million. The company reported an adjusted loss of 18 cents per share, beating estimates for a loss of 20 cents per share, according to Benzinga Pro.
Total revenue increased 26% year-over-year as subscription revenue jumped 9% year-over-year. C3 AI noted that it renewed and expanded its strategic partnership with Baker Hughes through a multi-year agreement.
The company closed out the quarter with $742.7 million in …
Full story available on Benzinga.com
C3.Ai Inc (NYSE:AI) shares are rising Thursday after the company reported better-than-expected results for the fourth quarter. The company also announced that the U.S. Air Force raised its contract ceiling to $450 million.
What Happened: C3 AI reported fourth-quarter revenue of $108.7 million, beating estimates of $107.73 million. The company reported an adjusted loss of 18 cents per share, beating estimates for a loss of 20 cents per share, according to Benzinga Pro.
Total revenue increased 26% year-over-year as subscription revenue jumped 9% year-over-year. C3 AI noted that it renewed and expanded its strategic partnership with Baker Hughes through a multi-year agreement.
The company closed out the quarter with $742.7 million in …
Full story available on Benzinga.com
C3.Ai Inc (NYSE:AI) shares are rising Thursday after the company reported better-than-expected results for the fourth quarter. The company also announced that the U.S. Air Force raised its contract ceiling to $450 million.
What Happened: C3 AI reported fourth-quarter revenue of $108.7 million, beating estimates of $107.73 million. The company reported an adjusted loss of 18 cents per share, beating estimates for a loss of 20 cents per share, according to Benzinga Pro.
Total revenue increased 26% year-over-year as subscription revenue jumped 9% year-over-year. C3 AI noted that it renewed and expanded its strategic partnership with Baker Hughes through a multi-year agreement.
The company closed out the quarter with $742.7 million in …Full story available on Benzinga.com Read MoreAI, AI, Earnings, News, why it’s moving, Guidance, Contracts, Movers, AI, US0413562051, News, Earnings, Guidance, Contracts, Movers, Benzinga News
