• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Editor's Pick

C3.ai lifts annual forecast on strong demand for enterprise AI software

by December 9, 2024
written by December 9, 2024

(Reuters) – C3.ai (NYSE:AI) raised its forecast for fiscal year 2025 revenue on Monday, helped by healthy demand for the company’s enterprise artificial intelligence software as companies look for tools to help streamline their workflow.

The company now expects revenue to be between $378 million and $398 million, from its previous forecast of $370 million to $395 million.

Shares of the company rose 14.8% in extended trading.

The Redwood (NYSE:RWT), California-based company provides software for enterprises to build and develop AI applications for various industries, including energy, manufacturing, financial services and healthcare.

The company’s shares have risen over 45% so far this year, in part due to its expanded partnership with cloud heavyweight Microsoft (NASDAQ:MSFT), under which C3.ai will become the “preferred” AI application software provider on Microsoft’s Azure cloud.

C3.ai reported second-quarter revenue of $94.3 million, compared to analysts’ estimate of $91 million, according to data compiled by LSEG.

On an adjusted basis, the company reported a loss of 6 cents, whereas analysts were expecting a loss of 16 cents.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
To help abuse survivors, Biden watchdog launches rulemaking
next post
Oracle misses quarterly results estimates on stiff cloud competition

You may also like

China central bank conducts 1.7 trln yuan of...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

ECB president fears loss of central bank independence

January 27, 2025

European tech shares tumble as China’s AI push...

January 27, 2025

Futures slip as investors eye China’s latest AI...

January 27, 2025

Markets may be repeating the mistake of 2019,...

January 27, 2025

How billionaire Caltagirone could influence Italy’s banking M&A...

January 27, 2025

How Italy’s MPS went from near collapse to...

January 27, 2025

Analysis-To weather Trump, emerging market investors look to...

January 27, 2025

Chinese AI startup DeepSeek overtakes ChatGPT on Apple...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks

      June 26, 2025
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

      June 26, 2025
    • Bumble shares jump 26% as dating company plans to axe 30% of workforce

      June 26, 2025
    • Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

      June 25, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (534)
    • Stock (6,426)

    Latest News

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

    Popular News

    • Morning bid: Brief relief for markets after tame US inflation
    • European stocks eke out small gains, Orsted shines

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy