C3.ai, Inc. (NYSE:AI ) Q4 2024 Earnings Call Transcript May 29, 2024 5:00 PM ET Company Participants Amit Berry - IR Tom Siebel - Chairman and CEO Hitesh Lath - CFO Conference Call Participants Timothy Horan - Oppenheimer Pat Walravens - JMP securities Sanjit Singh - Morgan Stanley Kingsley Crane - Canaccord Genuity Arvind Ramnani - Piper Sandler Matt Calitri - Needham Jaiden Patel - JPMorgan Operator Good day and welcome to the C3.ai's Fourth Quarter Fiscal Year 2024 Conference Call. At this time, all participants are in a listen-only mode.
C3.ai, an enterprise artificial intelligence (AI) software company, reported strong fourth-quarter results for fiscal year 2024, exceeding both its own guidance and analysts' expectations. The company saw its fifth consecutive quarter of accelerating revenue growth, with subscription revenue increasing 41% year-over-year.
C3.ai, Inc. (AI) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.31. This compares to loss of $0.13 per share a year ago.
C3.ai reported a smaller-than-expected fiscal Q4 loss while revenue topped estimates. Full-year fiscal 2025 guidance came in above expectations.
Shares of C3.AI Inc. rose more than 10% in the extended session Thursday after the software company reported a 20% jump in its quarterly revenue, saying demand for AI is “intensifying.”
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In the closing of the recent trading day, C3.ai, Inc. (AI) stood at $26.15, denoting a -1.36% change from the preceding trading day.
Artificial intelligence (AI) name C3.ai (NYSE:AI) will announce fiscal fourth-quarter earnings after the close on Wednesday, May 29.
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