C3 AI Inc (AI)

[mick]

$AI 52-week range: $42.70 – $183.90

C3.ai is an enterprise AI company. It provides software-as-a-service
(SaaS) applications that allow customers to develop large-scale
Enterprise AI applications across any infrastructure.

C3ai released Q1 Fiscal 2022 results on Sept. 1. Revenue increased 29% year-over-year (YOY) to $52.4 million.

Non-GAAP loss from operations came in at $21.8 million, compared to a
loss of $1 million in the prior quarter.

Cash and equivalents ended the quarter at $274 million.

On the results, CEO Thomas M. Siebel cited, “We significantly expanded
our market-partner ecosystem in Q1,
entering into a strategic alliance with Google Cloud to allow the
entire Google Cloud global sales and service organization to co-sell
and service the entire family of C3 AI applications.”