Financial PerformanceBetter than expected profitability as operating margin of -19% topped consensus at -30% and FCF came in positive at $7 million with management reiterating its outlook for positive FCF for FY25.
Market Demand And GrowthC3.ai offers enterprise AI solutions that drive customer success across a variety of use cases and industries, targeting a total addressable market of one trillion dollars.
Strategic PartnershipsThe company announced an expanded strategic partnership with Microsoft to accelerate enterprise AI adoption, causing the stock to rise 24% on the news.