Posted 3/2/2024, 12:20:00 PM
C3.ai Accelerates Revenue Growth to 18%, Sees Strong Enterprise Demand for AI
- C3.ai reported 18% year-over-year revenue growth in latest quarter, accelerating from previous quarter
- CEO highlights "staggering" enterprise demand for AI software
- Company signed several new deals with major companies like T-Mobile and Boston Scientific
- Wedbush Securities raised price target to $40 based on confidence in growth story
- Management expects 15% revenue growth next fiscal year and positive free cash flow in FY2025