C3.ai (NYSE:AI) posted its fiscal 2027 first-quarter results after Wednesday’s closing bell, beating estimates on the top and bottom lines. Here’s a look at the details inside the report.
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C3.ai Q1 Details
C3.ai reported quarterly losses of 20 cents per share, which beat the Street estimate for losses of 25 cents, per Benzinga Pro data.
Quarterly revenue came in at $52.38 million, which beat the analyst consensus of $52.12 million. Subscription revenue was $49.2 million and constituted 94% of total revenue.
“Revenue has stabilized, free cash flow is positive, operating loss has narrowed, and Forrester Research named C3 AI a leader in Enterprise AI,” said Thomas M. Siebel, CEO of C3.ai.
“The plan is working, we are on track with laser-like management discipline to grow revenue, generate cash, attain non-GAAP profitability, maintain technology leadership and increase customer satisfaction,” Siebel added.
AI Stock Price: According to data from Benzinga Pro, C3.ai stock was up 1.69% to $10.52 in Wednesday’s extended trading.
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