C3.ai beats by $0.08, beats on revs; guides Q2 revs in-line; reaffirms FY24 revs guidance
- Reports Q1 (Jul) loss of $(0.09) per share, excluding non-recurring items, $0.08 better than the FactSet Consensus of ($0.17); revenues rose 10.8% year/year to $72.36 mln vs the $71.56 mln FactSet Consensus.
- Current RPO was $170.6 million.
- Co issues in-line guidance for Q2 (Oct), sees Q2 revs of $72.0-76.5 mln vs. $73.84 mln FactSet Consensus.
- Co reaffirms guidance for FY24 (Apr), sees FY24 revs of $295-320 mln vs. $308.24 mln FactSet Consensus.
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