C3.ai posts $52.4M quarter as bookings jump 73% and cash flow turns positive
C3.ai reported fiscal Q1 revenue of $52.4M, with bookings up 73% from the prior quarter and free cash flow of $2.1M, as CEO Tom Siebel said its turnaround is on track.
C3.ai reported fiscal Q1 revenue of $52.4M, with bookings up 73% from the prior quarter and free cash flow of $2.1M, as CEO Tom Siebel said its turnaround is on track. (C3.ai press release; Pulse 2.0)
Subscription revenue was $49.2M, or 94% of the total. The company kept full-year revenue guidance at $210M-$240M and guided Q2 revenue to $51M-$55M. It has restructured its sales, services and product organizations. (C3.ai press release; Pulse 2.0)