The agreement allows for any DoD agency to acquire its AI products and services for modelling and simulation. Earlier this week, it announced that it had won a new five-year agreement with the U.S. It expects this sector to continue to increase substantially in the last two quarters of the current fiscal. During the last quarter, its public sector business grew 33%. Space Force, and the Missile Defense Agency. It also expanded its presence in the public sector business in defense and intelligence, with new production deployments at the U.S. It reported several new enterprise production deployments at Cargill, Johnson Controls, Shell, Liberty Mutual, and PTT Global Chemical. C3.ai’s OfferingsĬ3.ai continued to expand its enterprise AI footprint in a number of industries, including agriculture, agricultural implements, manufacturing, oil and gas, insurance, financial services, life sciences, and energy.
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For the full year, C3.ai forecast revenues of $248-$251 million, compared with the market’s forecast of $249.44 million. Professional service revenues grew 97.83% to $10.86 million.įor the third quarter, C3.ai forecast revenues of $66-$68 million, compared with the market’s forecast of $66.78 million. Its subscription revenues grew 32% to $47.4 million. Adjusted loss per share of $0.23 surpassed the Street’s estimates of loss per share of $0.32. C3.ai’s FinancialsĬ3.ai’s second-quarter revenues grew 41% to $58.3 million, ahead of the market’s estimate of $56.8 million. Tom Siebel’s C3.ai (NYSE: AI) Is making big inroads in this market through partnerships and product innovation. The global Artificial Intelligence (AI) market is expected to grow at 40% CAGR from $62.35 billion in 2020 through to 2028.