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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, Inc. (NYSE: AI) reported fiscal Q1 2025 results with total revenue of $87.2 million, up 21% year-over-year. Subscription revenue grew 20% to $73.5 million, representing 84% of total revenue. The company achieved positive free cash flow of $7.1 million and maintains strong cash reserves of $762.5 million.
C3 AI closed 71 agreements in Q1, a 122% increase year-over-year, including 52 pilots. The company expanded its presence in State and Local Government and Federal sectors. C3 Generative AI saw strong demand, closing 17 pilots across various industries. The company provided guidance for Q2 and full-year fiscal 2025, projecting continued revenue growth.
C3 AI (NYSE: AI) has been recognized by Constellation Research for its leadership in Artificial Intelligence and Machine Learning Platforms. The company was named to both the Constellation ShortList™ for AI and ML Best-of-Breed Platforms and the AI and ML Cloud Platforms in Q3 2024. This marks C3 AI's third ShortList recognition in 2024, highlighting its position as an industry-leading solution for Enterprise AI.
The C3 AI Platform enables organizations to build, deploy, and operate Enterprise AI applications at scale. It supports various industries with prebuilt, configurable AI applications for use cases such as reliability, supply network optimization, and energy management. Notable clients include Shell, the U.S. Air Force, and Koch Industries.
Constellation Research's ShortLists are designed to help identify effective, transformative solutions for buyers in the rapidly growing market for enterprise-scale AI and ML solutions.
C3 AI (NYSE: AI) announced the annual AI Defense Forum will take place on September 10, 2024, in Tysons, Virginia. The event brings together military and civilian leaders, technologists, and policymakers to address opportunities for enterprise AI in modernizing defense applications and strengthening national security. Key focus areas include:
1. Accelerating insight advantage with generative AI
2. Applying safe and effective AI practices in high-impact environments
3. Implementing a strategic vision for U.S. AI programs
Notable speakers include Thomas M. Siebel (C3 AI CEO), Dr. Will Roper (Former Assistant Secretary of the U.S. Air Force), and General (Ret.) John Hyten (Former Vice Chairman of the Joint Chiefs of Staff). The forum aims to showcase mission-ready solutions and provide insights from experts implementing AI in defense and intelligence sectors.
C3 AI (NYSE: AI), the Enterprise AI application software company, has announced that its Chairman and CEO Thomas M. Siebel will participate in a virtual fireside chat at Oppenheimer's 27th Annual Technology, Internet & Communications Conference. The event is scheduled for Monday, August 12, 2024, from 1:15 pm to 1:55 pm ET. Interested parties can register to watch the livestream, and a replay of the webcast will be available on the C3 AI Investor Relations website after the event. This participation in a major industry conference provides an opportunity for C3 AI to showcase its enterprise AI solutions and engage with potential investors and industry professionals.
C3 AI (NYSE: AI), the Enterprise AI application software company, has announced it will release its financial results for the first quarter of fiscal year 2025, which ended July 31, 2024, after U.S. markets close on Wednesday, September 4, 2024. The company will host a conference call and webcast at 2:00 p.m. PDT / 5:00 p.m. EDT on the same day to discuss the results. Analysts and investors can participate in the Q&A session.
To join the call via telephone, participants must register for a personalized PIN code. A webcast option is also available. Both registration links and additional information can be found on the C3 AI Investor Relations website events page. An audio replay will be accessible for 30 days after the call.
C3 AI (NYSE: AI) has achieved the Amazon Web Services (AWS) Generative AI Competency, recognizing its expertise in implementing generative AI technologies. This achievement highlights C3 AI's proficiency in minimizing hallucinations, prompt engineering, model customization, and data privacy. C3 Generative AI, powered by AWS services including Amazon Bedrock, has demonstrated significant benefits for customers across various industries:
- Over 90% reduction in information retrieval time
- 20% reduction in downtime
- Improved efficiency in operations assistance, contracts analysis, due diligence, and financial data analysis
- Enhanced safety for manufacturing operations
- Rapid analysis of technical datasets, contracts, and intelligence
C3 Generative AI is now available in AWS Marketplace, offering a secure and efficient enterprise solution for digital transformation strategies.
C3 AI has launched C3 Generative AI for Government Programs, an application designed to help federal, state, and local governments provide accurate information about various public services. Running on Google Cloud, this AI-powered tool aims to streamline access to complex government programs, reduce service delays, and improve the citizen experience.
The application features an intuitive natural language search and chat interface, supporting queries in over 130 languages. It offers enterprise-level security, access controls, and full traceability. By leveraging Google Cloud's advanced Gemini language models, C3 Generative AI for Government Programs delivers accurate responses with source citations, helping users navigate services like the Affordable Care Act efficiently.
C3 AI (NYSE: AI) and Holcim are enhancing efficiency and sustainability through AI-powered technologies in urban building operations.
Since May 2023, Holcim deployed C3 AI Reliability, a predictive maintenance solution, to 45 plants globally, monitoring 3,000 sensors from critical equipment, including vertical roller mills essential for cement manufacturing.
This initiative is part of Holcim's Plants of Tomorrow program, aiming for digital transformation across 130 plants in over 50 countries. The collaboration has led to significant advancements in predictive maintenance, operational efficiency, asset lifecycle management, and reliability.
Additionally, Holcim is piloting C3 Generative AI to assist with complex equipment troubleshooting. The four-year agreement plans to onboard 1,200 critical assets across 100 cement plants, aiming to improve asset uptime and reduce maintenance costs.
C3 AI (NYSE: AI) has announced the appointment of former Speaker of the House, Kevin McCarthy, to its advisory board. McCarthy will guide C3 AI in expanding AI solutions across various government levels and fostering relationships with allied nations. He will provide strategic counsel for engaging with the federal government and identify collaboration opportunities with state and local leaders. McCarthy aims to enhance service levels in law enforcement, property assessment, benefits management, defense, and intelligence sectors. C3 AI's CEO, Thomas Siebel, emphasized McCarthy's invaluable experience and commitment to transformative AI solutions.
C3 AI (NYSE: AI) has announced that its Chairman and CEO, Thomas M. Siebel, will participate in a fireside chat at the Mizuho Americas Technology + Media + Telecom (TMT) Conference. The event is scheduled for June 12, 2024, from 11:15 am to 11:45 am ET. Interested parties can register to watch the livestream, and a replay will be accessible on the C3 AI Investor Relations website following the event.
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