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Jul 31, 2024
C3.ai Q1 2025 Earnings Report
C3.ai experienced rising demand for Enterprise AI, driving its sixth consecutive quarter of accelerating revenue growth.
Key Takeaways
C3.ai reported a solid start to the fiscal year with accelerating revenue growth driven by rising demand for Enterprise AI. Total revenue increased by 21% compared to the previous year, with subscription revenue constituting a significant portion. The company closed 71 agreements, including 52 pilots, demonstrating strong momentum in Manufacturing and State and Local Government.
Total revenue for the quarter was $87.2 million, an increase of 21% compared to $72.4 million one year ago.
Subscription revenue for the quarter was $73.5 million, an increase of 20% compared to $61.4 million one year ago.
GAAP gross profit for the quarter was $52.2 million, representing a 60% gross margin.
The Company closed 71 agreements (an increase of 122% year-over-year) including 52 pilots (an increase of 117% year-over-year).
Revenue by Segment
Forward Guidance
The Company’s guidance includes GAAP and non-GAAP financial measures. The following table summarizes C3 AI’s guidance for the second quarter of fiscal 2025 and full-year fiscal 2025
Positive Outlook
- Total revenue for Q2 Fiscal 2025 is expected to be $88.6 - $93.6 million
- Total revenue for Full Year Fiscal 2025 is expected to be $370.0 - $395.0 million
- Non-GAAP loss from operations for Q2 Fiscal 2025 is expected to be $(26.7) - $(34.7) million
- Non-GAAP loss from operations Full Year Fiscal 2025 is expected to be $(95.0) - $(125.0) million
- The company is experiencing rising demand for Enterprise AI
Challenges Ahead
- Uncertainty regarding expenses that may be incurred in the future
- Variability of expenses that may be incurred in the future
- Stock-based compensation expense-related charges are impacted by the timing of employee stock transactions
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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