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AlanTeo
2022-09-01

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C3.ai Stock Tumbles 15%. It Sees Lower Revenue Ahead and Is Changing Business Models

Artificial intelligence software company C3.ai slashed its revenue outlook and said it would overhau

C3.ai Stock Tumbles 15%. It Sees Lower Revenue Ahead and Is Changing Business Models

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Milosoft
·2022-09-01
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It Sees Lower Revenue Ahead and Is Changing Business Models","url":"https://stock-news.laohu8.com/highlight/detail?id=2264823495","media":"Dow Jones","summary":"Artificial intelligence software company C3.ai slashed its revenue outlook and said it would overhau","content":"<html><head></head><body><p>Artificial intelligence software company C3.ai slashed its revenue outlook and said it would overhaul its business model while acknowledging an economic downturn.</p><p>Shares of the firm were down 15% in late trading Wednesday.</p><p><img src=\"https://static.tigerbbs.com/d9bd330b03415bfa95ce455edfde7bc5\" tg-width=\"828\" tg-height=\"838\" width=\"100%\" height=\"auto\"/></p><p>C3.ai (ticker: AI) reported revenue of $65.3 million for the fiscal first quarter, up 25% from a year ago and toward the low end of the company&#39;s target range of $65 million to $67 million. 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He said that the company now expects to be non-GAAP profitable in fiscal 2024.</p><p>&#34;The economic downturn is real,&#34; Siebel said. &#34;Our customers are scrutinizing big deals as never before, which also makes this a smart time to launch consumption pricing.&#34;</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>C3.ai Stock Tumbles 15%. 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It Sees Lower Revenue Ahead and Is Changing Business Models\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-09-01 07:18</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Artificial intelligence software company C3.ai slashed its revenue outlook and said it would overhaul its business model while acknowledging an economic downturn.</p><p>Shares of the firm were down 15% in late trading Wednesday.</p><p><img src=\"https://static.tigerbbs.com/d9bd330b03415bfa95ce455edfde7bc5\" tg-width=\"828\" tg-height=\"838\" width=\"100%\" height=\"auto\"/></p><p>C3.ai (ticker: AI) reported revenue of $65.3 million for the fiscal first quarter, up 25% from a year ago and toward the low end of the company&#39;s target range of $65 million to $67 million. 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As C3.ai said, consumption-based pricing is used by cloud computing companies like Amazon Web Services, Microsoft Azure, Google Cloud, and <a href=\"https://laohu8.com/S/SNOW\">Snowflake</a>. It&#39;s basically a utility model, like water or electricity. The more computing power used, the more paid.</p><p>Founder and CEO Tom Siebel said that the new model is intended to accelerate sales, speed product acceptance, boost market share, and to improve revenue and profitability in the medium- and long-term. He said that the company now expects to be non-GAAP profitable in fiscal 2024.</p><p>&#34;The economic downturn is real,&#34; Siebel said. &#34;Our customers are scrutinizing big deals as never before, which also makes this a smart time to launch consumption pricing.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SNOW":"Snowflake"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2264823495","content_text":"Artificial intelligence software company C3.ai slashed its revenue outlook and said it would overhaul its business model while acknowledging an economic downturn.Shares of the firm were down 15% in late trading Wednesday.C3.ai (ticker: AI) reported revenue of $65.3 million for the fiscal first quarter, up 25% from a year ago and toward the low end of the company's target range of $65 million to $67 million. 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