The report sent C3.ai shares down 6% in late trading. CEO and founder Tom Siebel remarked, “We achieved strong business and financial results in the fourth quarter and full fiscal year, as we advance our leadership position as the enterprise AI application software pure play.” Added Siebel. “The enterprise AI software market is rapidly growing, and we see accelerating interest in enterprise AI solutions across industries, geographies, and market segments. Revenue in the three months ended in April rose 26%, year over year, to $52.3 million, yielding a net loss of 24 cents a share. Analysts had been modeling $50.6 million and a 25-cent net loss per share. The company’s remaining performance obligation, a measure of backlog, rose 23% to $293.8 million. It was the second quarter the company has reported since its December 9th IPO. The company’s March 1st earnings report topped expectations and offered a higher-than-expected revenue forecast at the time. Also: C3.ai shares sell off despite fiscal Q3 revenue, EPS beat, higher forecast For the current quarter, the company sees revenue of $50 million to $52 million. That compares to consensus for $50.8 million. For the full year, the company sees revenue in a range of $243 million to $247 million. That compares to consensus of $240 million.
