C3.ai Q1 revenue slightly beats estimates; bookings jump 73% sequentially
AI•Outlook
- C3.ai expects Q2 revenue between $51 mln and $55 mln
- Company sees full-year 2027 revenue at $210 mln to $240 mln
- C3.ai targets non-GAAP operating loss of $123 mln to $155 mln for fiscal 2027
Overview
- Enterprise AI software maker's fiscal Q1 revenue slightly beat analyst expectations
- Company posted positive free cash flow and narrowed non-GAAP operating loss
- Bookings increased 73% quarter over quarter following restructuring and expense controls
Key Details
| Metric | Beat/Miss | Actual | Consensus Estimate |
| Q1 Revenue | Slight Beat* | $52.38 mln | $52.12 mln (14 Analysts) |
| Q1 Loss Per Share | $0.60 | ||
| Q1 Net Loss | $92.81 mln | ||
| Q1 Gross Profit | $16.67 mln | ||
| Q1 Operating Expenses | $114.94 mln | ||
| Q1 Operating Income | -$98.27 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Result Drivers
- Sales restructuring - Co said restructuring of sales organization contributed to improved bookings and operational performance
