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Jan 31, 2024
C3.ai Q3 2024 Earnings Report
C3.ai's Q3 2024 financial results were announced, revealing revenue exceeding guidance and accelerated growth.
Key Takeaways
C3.ai reported a strong third quarter with total revenue of $78.4 million, an 18% increase year-over-year. Subscription revenue constituted 90% of the total revenue. Customer engagement grew significantly by 80% year-over-year.
Total revenue reached $78.4 million, reflecting an 18% year-over-year growth.
Subscription revenue accounted for $70.4 million, representing 90% of the total revenue and a 23% increase year-over-year.
Customer engagement increased by 80% year-over-year, totaling 445.
The company closed 50 agreements, marking an 85% increase year-over-year, including 29 new pilots which is a 71% increase year-over-year.
Revenue by Segment
Forward Guidance
C3 AI provides revenue guidance for the fourth quarter of fiscal year 2024, expecting between $82.0 million and $86.0 million, and full year fiscal 2024 revenue between $306.0 million and $310.0 million. Non-GAAP loss from operations is expected to be between $(43.5) million and $(51.5) million for Q4 2024, and between $(115.0) million and $(123.0) million for the full year.
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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