C3.AI INC Reports 10.8% Increase in Total Revenue for FY2024 Q1
September 14, 2023
☀️Earnings Overview
C3.AI INC ($NYSE:AI) announced their earnings results for the first quarter of FY2024 on July 31, 2023, with a total revenue of USD 72.4 million, a 10.8% year-over-year increase. Net income for the period was reported to be USD -64.4 million, a decrease when compared to the previous year’s figure of -71.9 million.
Analysis
GoodWhale recently conducted an analysis of C3.AI INC‘s financials, and based on their Risk Rating, C3.AI INC is a medium risk investment in terms of financial and business aspects. GoodWhale has detected 2 risk warnings in the balance sheet and cashflow statement that investors should be aware of. If you register with us, you can check out our analysis and see what these warnings are. By understanding the risks associated with this investment, you can make an informed decision as to whether C3.AI INC is right for you. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for C3.ai Inc. More…
| Total Revenues | Net Income | Net Margin |
| 273.85 | -261.33 | -95.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for C3.ai Inc. More…
| Operations | Investing | Financing |
| -73.5 | 55.62 | 2.01 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for C3.ai Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.09k | 156.96 | 7.9 |
Key Ratios Snapshot
Some of the financial key ratios for C3.ai Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.1% | – | -106.4% |
| FCF Margin | ROE | ROA |
| -51.6% | -19.6% | -16.7% |
Peers
The company was founded in 2009 by Tom Siebel, a veteran of the software industry. C3.ai’s primary competitors are Microsoft Corp, Salesforce Inc, and Palantir Technologies Inc.
– Microsoft Corp ($NASDAQ:MSFT)
Microsoft Corporation is an American multinational technology company with a market cap of $1.73 trillion as of 2022. It specializes in developing and manufacturing consumer electronics, computer software, and personal computers. The company’s Return on Equity (ROE) is 31.9%. Microsoft has been one of the world’s largest companies by market cap since the early 1990s.
– Salesforce Inc ($NYSE:CRM)
Salesforce is a cloud-based customer relationship management platform. The company’s market cap is $162.59 billion as of 2022, and its return on equity is 0.08%. Salesforce was founded in 1999 and is headquartered in San Francisco, California. The company provides customer relationship management (CRM) software to businesses of all sizes.
– Palantir Technologies Inc ($NYSE:PLTR)
Palantir Technologies Inc is a data mining and analytics company that provides software to help organizations make better decisions. The company has a market cap of 18.14B as of 2022 and a return on equity of -13.19%. Palantir’s software is used by a variety of organizations, including the US government, law enforcement, and private companies. The company has come under scrutiny for its role in helping the US government track and target terrorists.
Summary
C3.AI INC is an AI company that reported its earnings results for the first quarter of FY2024. Revenue came in at USD 72.4 million, a 10.8% year-over-year increase, while net income was reported at USD -64.4 million, a decrease from the prior year’s figure. Investors should consider this data when assessing C3.AI INC as a potential investment.
There are both positives and negatives to consider, such as the revenue growth versus the net income decline. Analyzing C3.AI INC’s performance, future prospects, and competitive environment should all be taken into account before investing.
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