C3.ai (AI) Q1 Revenues Beat

C3.ai (NYSE: AI) reported Q1 EPS of ($0.37), which may not compare to the analyst estimate of ($0.28). Revenue for the quarter came in at $52.4 million versus the consensus estimate of $51.16 million.

“We began our fiscal year 2022 with strong results in the first quarter, including year-over-year increases of 29% in revenue and 31% in gross profit,” said CEO Thomas M. Siebel. “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.”

GUIDANCE:

C3.ai sees Q2 2022 revenue of $56-58 million, versus the consensus of $56.1 million.

C3.ai sees FY2022 revenue of $243-247 million, versus the consensus of $245.4 million.

For earnings history and earnings-related data on C3.ai (AI) click here.

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