C3.ai, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended April 30, 2024
May 30, 2024 at 01:35 am IST
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C3.ai, Inc. reported earnings results for the fourth quarter and full year ended April 30, 2024. For the fourth quarter, the company reported revenue was USD 86.59 million compared to USD 72.41 million a year ago. Net loss was USD 72.93 million compared to USD 64.96 million a year ago. Basic loss per share from continuing operations was USD 0.59 compared to USD 0.58 a year ago.
For the full year, the company reported revenue was USD 310.58 million compared to USD 266.8 million a year ago. Net loss was USD 279.7 million compared to USD 268.84 million a year ago. Basic loss per share from continuing operations was USD 2.34 compared to USD 2.45 a year ago. Diluted loss per share from continuing operations was USD 2.34 compared to USD 2.45 a year ago.
C3.ai, Inc. is an enterprise artificial intelligence (AI) application software company. The Company has built a solution that enables its customers to rapidly develop, deploy, and operate enterprise AI applications. It offers families of software solutions, which it collectively refers to as its C3 AI software: The C3 AI Platform, C3 AI Applications, and C3 Generative AI. The C3 AI Platform, its core technology, is a comprehensive, end-to-end application development and runtime environment that is designed to allow its customers to rapidly design, develop, and deploy Enterprise AI applications of any type. Its C3 AI Applications, built using the C3 AI Platform, is a portfolio of pre-built, extensible, industry-specific, and application-specific software-as-a-service offerings (SaaS) Enterprise AI applications that can be rapidly installed and deployed. Its C3 Generative AI combines the utility of large language models, generative AI, reinforcement learning, natural language processing.
C3.AI, INC. 
