C3.ai (AI) reported earnings on Wed 1 Dec 2021 (a/h)

  ** charts after earnings **

 

 

 

C3.ai beats by $0.06, beats on revs; guides JanQ revs above consensus; guides FY22 revs above consensus

• Reports Q2 (Oct) loss of $(0.23) per share, excluding non-recurring items, $0.06 better than the S&P Capital IQ Consensus of $(0.29); revenues rose 40.9% year/year to $58.26 mln vs the $56.95 mln S&P Capital IQ Consensus.
  • Subscription revenue grew 32% yr/yr to $47.4 mln.
  • GAAP RPO grew 74% yr/yr to $465.5 mln.
• Co issues upside guidance for Q3 (Jan), sees Q3 revs of $66-68 mln vs. $65.64 mln S&P Capital IQ Consensus.
• Co issues upside guidance for FY22, sees FY22 revs of $248-251 mln vs. $246.05 mln S&P Capital IQ Consensus.