C3.ai Q1 FY23 revenue $65.3M (+25% YoY); transitions to consumption-based pricing

C3.ai, Inc.

2023-Q1 EPS reported -$0.67 revenue$65,308,000

Revenue $65.3M, up 25% YoY; subscription revenue $57.0M, up 24% YoY.
GAAP net loss per share $(0.67) vs $(0.37) YoY; non-GAAP loss per share $(0.12) vs $(0.22).
GAAP RPO up 58% to $458.2M; cash reserves >$930M.
Introduces consumption-based pricing (vCPU/hour) for new customers; aims for non-GAAP profitability in FY 2024.
Expanded partnerships with Google Cloud, Microsoft, AWS; new customer wins with Shell, USAF, Raytheon.

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