C3.ai reports mixed Q2 results, but talks up boost from pricing model revamp

December 07, 2023 09:10 AM AEDT | By Investing
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Investing.com -- C3.ai reported mixed fiscal second-quarter results as revenue fell short of estimates, but the the AI software maker talked up the return of faster growth amid a transition to consumption-based pricing model.

C3.ai Inc (NYSE:AI) rose more than 1% in afterhours trading following the report.

The AI software maker reported an adjusted loss of $0.13 per diluted share on revenue of $73.2 million, compared with estimates for an adjusted loss of $0.18 on revenue of $73.2M.

Looking ahead, the company forecast a Q3 adjusted loss from operations of $40M to $46M on revenue of $74M to $78M. That compared to Wall Street estimates for revenue of $77.69M.

For the full-year, the company now expects revenue of between $295M to $320M and an adjusted operating loss of $115M to $135M, with the latter up from a prior forecast for a loss of $70M to $100M.

"We are seeing a return to accelerating revenue growth as we continue our transition to a consumption-based pricing model," the company said.

This article first appeared in Investing.com


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