C3.ai, Inc. - AI STOCK NEWS

C3.ai reported a 42% year-over-year revenue growth to $69.8 million for Q3 FY 2022. The increase is attributed to enhanced sales momentum and the expansion of its customer base. Subscription revenue grew by 34% to $57.1 million. The company raised its FY 2022 revenue guidance to $252 million, a 38% increase over the previous year. C3.ai also saw significant growth in remaining performance obligations, reflecting 90% growth to $469.3 million. Despite a net loss per share of $(0.38), C3.ai is optimistic about its market position and future prospects.

C3.ai, Inc. (NYSE: AI), a leading Enterprise AI software company, announced management's upcoming presentations at two key conferences. The presentations are set for the JMP Securities Technology Conference on March 7, 2022, at 3:00 PM PT, and the Morgan Stanley Technology, Media & Telecom Conference on March 10, 2022, at 2:25 PM PT. Live webcasts will be available on ir.c3.ai, with replays accessible for 90 days. C3.ai offers a comprehensive suite of enterprise AI solutions aimed at digital transformation.

C3 AI (NYSE: AI) will announce its financial results for Q3 FY 2022 on March 2, 2022, after U.S. market close. The results cover the period ending January 31, 2022. A conference call will take place at 2:00 PM PT / 5:00 PM ET on the same day. Investors can join via the C3 AI Investor Relations website or by dialing in. An audio replay will be available for 30 days following the conference call.

As an Enterprise AI application software company, C3 AI offers integrated products, including the C3 AI Suite and industry-specific SaaS applications to support digital transformation.

Data Vault Holdings Inc. appointed Tony Evans, General Manager of Financial Services for C3 AI (NYSE: AI), to its advisory board, enhancing its expertise in artificial intelligence, machine learning, and fintech. Mr. Evans brings extensive experience in business strategy and customer-focused innovations across multiple sectors, focusing on automation and scaling of crypto data solutions. Data Vault is finalizing the consolidation of its affiliates under one corporate structure and plans to announce more advisory members soon, aiming to bolster its market insights and data monetization strategies.

C3.ai, Inc. (NYSE: AI) announced its participation in the 24th Annual Needham Virtual Growth Conference, scheduled for January 11, 2022, at 1:15 p.m. Pacific Time (4:15 p.m. Eastern Time). Interested parties can access the live webcast on the C3.ai investor relations website, with a replay available for 90 days post-event. C3.ai specializes in enterprise AI software, offering a comprehensive suite of integrated products designed to support organizations in their digital transformation.

C3.ai Digital Transformation Institute has announced a call for proposals aimed at enhancing cybersecurity through advanced AI research. The initiative focuses on developing innovative techniques to combat malware, ransomware, and other cyber threats. A total of up to $10 million in funding is available, with individual awards ranging from $100,000 to $1 million. Proposals are due by February 7, 2022, and winners will be announced in March 2022. This effort is backed by significant contributions from C3 AI and Microsoft, emphasizing a collaborative approach to improve critical infrastructure security.

C3.ai, Inc. (NYSE: AI) has appointed Lisa A. Davis to its Board of Directors, enhancing its expertise in the energy and industrial sectors. With over 30 years of experience from major companies like Siemens and Shell, Davis is expected to support C3 AI’s growth and digital transformation initiatives. The firm also announced the resignation of Lorenzo Simonelli from the board, effective December 17, 2021. Simonelli will maintain involvement through the ongoing BakerHughesC3.ai partnership.

C3 AI (NYSE: AI) has appointed retired Lieutenant General H.R. McMaster to its advisory board, enhancing its leadership in enterprise AI focused on national security. McMaster, who previously served as the 26th National Security Advisor, brings over three decades of military and strategic experience. C3 AI CEO Thomas M. Siebel emphasized McMaster's potential to provide invaluable insights for the company's mission to improve defense capabilities. McMaster is active in academic and policy institutions, further contributing to C3 AI's objectives.

C3.ai, Inc. (NYSE: AI) announced a stock repurchase program of up to $100 million for its class A common stock over the next 18 months. The initiative aims to create long-term value while still allowing for growth investments. As of the end of Q2 FY2022, C3 AI reported approximately $1.1 billion in cash and investments. The repurchase will depend on market conditions and is not an obligation, allowing C3 AI to modify, extend, or discontinue the program at its discretion.