C3.ai Expects Q3 Total Revenue Of $74.0M-$78.0M, Continues To See FY24 Revenue Of $295M-$320M
Portfolio Pulse from Benzinga Newsdesk
C3.ai, an enterprise AI software provider, has projected its Q3 total revenue to be between $74.0M and $78.0M. The company also reaffirmed its full-year fiscal 2024 revenue guidance to be in the range of $295M to $320M.
December 06, 2023 | 10:02 pm
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C3.ai anticipates Q3 revenues to hit $74M-$78M and upholds its FY24 revenue forecast of $295M-$320M, signaling steady growth.
The reaffirmation of revenue guidance for FY24 by C3.ai suggests confidence in the company's business model and growth trajectory, which is likely to be viewed positively by investors. The projection of Q3 revenue aligns with this outlook, indicating that the company is on track to meet its annual targets. This news is directly related to C3.ai's financial performance and is critical for investors, hence the high importance and relevance scores. The positive score reflects the expectation that this news will likely contribute to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100