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C3.ai, Inc. (NYSE: AI) is a prominent player in the realm of enterprise artificial intelligence (AI). Based in Redwood City, California, the company offers a wide array of products and services designed to accelerate digital transformation across industries. C3 AI's core offering is the C3 AI Platform, an end-to-end solution for developing, deploying, and operating large-scale enterprise AI applications. This platform is supplemented by C3 AI Applications, a suite of industry-specific, turnkey SaaS solutions that address unique business needs, and C3 Generative AI, a collection of advanced AI transformer models.
The company’s innovative approach has garnered significant traction across diverse industries, from manufacturing and healthcare to federal government and energy sectors. Some notable partnerships include collaborations with industry giants like Genentech, ExxonMobil, and Dow. These partnerships leverage C3 AI's capabilities to enhance operational efficiencies, predictive maintenance, and data-driven decision-making.
Financially, C3.ai has demonstrated robust growth. For the fiscal year 2024, the company reported a 16% year-over-year revenue increase to $310.6 million, with subscription revenue growing 21% to $278.1 million. The company's strategic focus on expanding its federal business has paid off, with federal revenue more than doubling in FY24. Additionally, C3 AI has maintained a strong cash reserve of $750.4 million, positioning it well for future growth.
C3.ai continues to innovate and lead in the AI space with the introduction of products like C3 Generative AI. The company’s commitment to driving digital transformation is evident in its expansive pilot programs and growing partner network, which includes collaborations with AWS, Google Cloud, and Microsoft Azure. C3.ai’s fifth annual AI conference, C3 Transform, exemplifies its thought leadership, bringing together global experts to discuss the future of AI in business.
C3 AI has announced that Raytheon Technologies will utilize the C3 AI Application Platform to enhance the U.S. Army's Tactical Intelligence Targeting Access Node (TITAN) program. This collaboration aims to integrate advanced AI and machine learning capabilities to support multi-domain operations and bolster national security. The TITAN initiative will gather data from various sensors to improve targeting and operational awareness, furthering the Department of Defense's JADC2 strategy. This partnership underscores C3 AI's role in delivering mission-critical technology solutions.
The U.S. Department of Health and Human Services (HHS) has awarded a $90 million, five-year Blanket Purchase Agreement (BPA) to C3 AI (NYSE: AI) and CITI through Carahsoft. This agreement, titled 'Solutioning with Holistic Analytics Restructured for the Enterprise (SHARE),' aims to expedite enterprise AI solutions across HHS agencies, including NIH, FDA, and CDC. C3 AI's platforms will support data-driven initiatives and aid public health challenges. Notably, C3 AI has contributed over $5 million in funding for COVID-19 research over the past two years.
C3 AI announced the appointment of retired General John E. Hyten to its advisory board, highlighting its commitment to defense and federal sectors. General Hyten, previously the 11th Vice Chairman of the Joint Chiefs of Staff, brings extensive military leadership experience, particularly in space operations. His role focuses on leveraging Enterprise AI technologies for national security and defense applications. The advisory board includes notable figures like Lieutenant General Ed Cardon and Lieutenant General H. R. McMaster, enhancing C3 AI’s strategic positioning in the market.
C3 AI has been awarded the Google Cloud Technology Partner of the Year for its achievements in the artificial intelligence and machine learning category. The recognition highlights C3 AI's role in helping customers across various industries expedite the deployment of Enterprise AI applications. The company emphasized its partnership with Google Cloud, leveraging products like Google Kubernetes Engine and BigQuery to enhance AI application deployment. This accolade underscores C3 AI’s commitment to delivering innovative solutions that create customer value.
C3 AI has launched the C3 AI Supply Chain Suite, powered by Google Cloud, to enhance global supply chain resilience and on-time customer deliveries. This innovative suite features better demand forecasting, optimized inventory management, and greater supplier lead time visibility. By leveraging Google Cloud technologies like Google Kubernetes Engine and Vertex AI, the suite enables rapid data integration and actionable insights for various industries, including manufacturing and retail.
C3 AI (NYSE: AI) has announced a renewed, five-year agreement with Koch Industries to expand the use of its Enterprise AI technology across various sectors. This partnership aims to enable Koch to develop custom applications using the C3 AI Application Platform and deploy several specialized applications including C3 AI Reliability and C3 AI Energy Management. Koch's analysts will also leverage C3 AI Ex Machina for AI decision-making tools. Koch Industries' CEO highlighted the success of current C3 AI applications, while C3 AI's CEO emphasized the partnership's significant financial and operational benefits.
C3.ai, Inc. (NYSE: AI), a leading Enterprise AI application software company, announced its participation in the Baird 2022 Global Consumer, Technology & Services Conference. The presentation is scheduled for Tuesday, June 7, 2022, at 5:30 am Pacific Time (8:30 am Eastern Time). A live webcast of the presentation will be available on their investor relations site, with a replay accessible for 90 days thereafter. C3.ai offers a comprehensive suite of products aimed at driving digital transformation across various industries.
C3 AI reported a robust fiscal year 2022, with revenue reaching $252.8 million, a 38% growth year-over-year. The fourth quarter revenue also rose 38% to $72.3 million. Subscription revenue increased 31% to $206.9 million for the year. Despite a net loss per share of $(1.84), C3 AI's cash reserves stand at $992.2 million, enabling continued investment in growth. The company expanded its client base to 223 customers, with significant contracts from the U.S. DoD and partnerships with major firms like Google and Raytheon.
C3 AI (NYSE: AI) will announce its financial results for the fourth quarter and full fiscal year 2022, ending April 30, 2022, on June 1, 2022, after U.S. market close. A conference call is scheduled at 2:00 p.m. PT to discuss results, with a live webcast available via the C3 AI Investor Relations website. An audio replay will be accessible for 30 days post-event. C3 AI specializes in enterprise AI software, providing integrated products for developing and deploying AI applications.
C3 AI (NYSE: AI), a leading Enterprise AI software company, announced its presentation at the 17th Annual Needham Technology & Media Conference on May 19, 2022, at 12:45 PM PT (3:45 PM ET). Interested parties can access the live webcast of the presentation via C3 AI's investor relations page, with a replay available for 90 days afterward. C3 AI provides a comprehensive suite of AI application products, aiding global digital transformation.
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