C3.ai Beats Estimates and Narrows 2024 Outlook, Names New CFO
• C3.ai posted better-than-expected quarterly results and narrowed its full-year revenue forecast range • The company named Hitesh Lath as new CFO, effective March 1st, replacing Juho Parkkinen • C3.ai now sees 2024 revenue between $306M-$310M, above analyst estimates of $306.1M • For Q4, C3.ai expects revenue between $82M-$86M, compared to estimates of $84.45M • Total Q3 revenue was $78.4M, above estimates of $76.14M; subscription revenue was $70.4M, above estimates of $66.77M