|Bid||29.27 x 1000|
|Ask||29.70 x 1100|
|Day's Range||27.80 - 29.93|
|52 Week Range||27.52 - 183.90|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb. 28, 2022 - Mar. 04, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||58.00|
Shares of C3.ai (NYSE: AI) tumbled out of the gate Thursday, plunging as much as 18.7%, though the stock recovered somewhat, ending the day down just 11.2%. For the fiscal second quarter (ended Oct. 31), C3.ai delivered revenue of $58.3 million, up 41% year over year, driven by subscription revenue of $47.4 million, up 32%. The company's remaining performance obligation (RPO), which consists of contractually obligated sales that have yet to be recognized as revenue, surged to $465.5 million, up more than 74% year over year, suggesting that business will continue to thrive for the foreseeable future.
REDWOOD CITY, Calif., December 01, 2021--C3.ai, Inc. (NYSE: AI), the Enterprise AI software company, today announced results for its fiscal second quarter ended October 31, 2021.
C3.ai's (AI) Q2 results are expected to reflect increased demand for the company's expanding AI product suite.