C3.ai Inc (NYSE:AI) reported Q2 financial results with a revenue increase of 17% year-over-year to $73.23 million, missing estimates by $1.1 million. The company beat EPS estimates with an adjusted loss of 13 cents per share versus the expected 18 cents. Subscription revenues grew by 12%, and customer engagement by 81%. C3.ai closed 62 customer agreements, including 36 pilots, and ended the quarter with $762.3 million in cash and investments. The company expressed strong interest in generative AI offerings and plans to invest further in this area, expecting to accelerate growth and gain market share. C3.ai provided a Q3 revenue outlook of $74 million to $78 million and reaffirmed full-year 2024 revenue projections of $295 million to $320 million. After the report, C3.ai shares dropped 8.88% in after-hours trading.