Posted 3/18/2024, 9:10:00 AM
C3.ai Shows Promise but Lags Behind Palantir in Growth and Profitability
- C3.ai's revenue growth is accelerating and its bookings are becoming more diversified across industries, similar to Palantir
- C3.ai shifted its business model to consumption-based billing last year which is gaining traction
- However, C3.ai's full-year revenue growth guidance was disappointing and stock-based compensation is very high
- Palantir is now profitable and buying back stock while C3.ai is still losing money
- Palantir remains a superior business compared to C3.ai currently, although C3.ai has promise if execution improves