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C3.AI up 15% on quarterly report

- C3.ai (NYSE:AI) Shares:

- Pre-trade growth: A significant increase of more than 15% on Thursday.

- Reason for the increase: the release of the Q3 financial report, which beat expectations. $AI-3.8%

- Q3 Financial Results:

- Loss per share: $0.13 (vs. projected loss of $0.28).

- Revenues: USD 78.4 million (beating the estimate of USD 76.14 million).

- Subscription: 90% of revenue, $70.4 million, up 23% from last year.

- Performance and revenue from the federal government: 100% and 85% year-over-year increases, respectively.

- Benefit and look ahead:

- CEO Thomas M. Siebel Attributes success in enterprise artificial intelligence.

- Expectations: Market interest in AI is accelerating.

- Revenue expectations: US$82-86 million for Q4, US$306-310 million for fiscal year 2024.

Do you know this company and would you consider a potential investment in it?

AI
$23.94 -$0.94 -3.78%
Fair Price: $02.52
Fbnmznuz: 38.57%
Undervalued
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Dostupné pouze členům Bulios Black

This is positive news and nice results. A company I once had for a while, took some profit there on that first growth, but then pulled back, it seemed very volatile to me, the way it moved around a lot at the beginning of the AI boom. How do you see it today? 😊