C3.ai Q2 FY2024 revenue $73.2M (+17% YoY); generative AI pilots surge to 20

C3.ai, Inc.

2024-Q2 EPS reported -$1.15 revenue$145,591,000

Total revenue $73.2M, up 17% YoY; subscription revenue $66.4M (91% of total).
GAAP net loss per share $(0.59); non-GAAP net loss per share $(0.13).
Customer engagement reached 404, up 81% YoY; 62 agreements including 36 pilots.
Federal bookings nearly half of total, up ~187% YoY; closed 20 federal agreements.
Generative AI qualified pipeline >225, up 55% from Q1; 20 new generative AI agreements.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

C3.ai, Inc. reported fiscal second quarter ended October 31, 2023 results: revenue $73.2 million, net income $(0.59) per share, EPS $(0.59).

Period: fiscal second quarter ended October 31, 2023
Revenue: $73.2 million
Net income: $(0.59) per share
EPS: $(0.59)
Result: reported results

Exact text from the filing

company, today announced financial results for its fiscal second quarter ended October 31, 2023. “It was a solid quarter, with total revenue growing 17% year-over-year to $73.2 million, and customer engagement growing by 81% year-over-year. We saw unprecedented interest and traction in our generative AI offerings. Importantly, we are seeing a return to

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Source: SEC EDGAR

accession 0001628280-23-040913

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