Working to understand C3.ai’s growth story
The end-of-year IPO wave continues, this time with C3.ai moving closer to its own formal debut by updating its S-1 filing with third-quarter data.
The new data provides the market with a much better look into how the unicorn AI company’s business has progressed during the COVID-19 era, and should help public investors price the company’s equity as it looks to float.
TechCrunch previously explored C3.ai’s performance through the its July 31 quarter. Today we received information about its subsequent fiscal period, the quarter ending October 31.
We noted during our initial dig into C3.ai’s numbers that while the AI startup has had strong historical revenue growth — from $92 million to $157 million in the fiscal years ending April 31, 2019 and 2020 — in more recent quarters, its pace of expansion has slowed.
This brings us to the October 31, 2020, period. Let’s explore what changed for C3.ai and what did not.
C3.ai’s growth story
In the October 31, 2019, quarter C3.ai generated $38.9 million in total revenue, counting both its subscription (high gross-margin) and services (low gross-margin) incomes. That figure grew to $41.3 million in the January 31, 2020, quarter.
As its IPO looms, how quickly did C3.ai grow in its October quarter? Alex Wilhelm 9 hours The end-of-year IPO wave continues, this time with C3.ai moving closer to its own formal debut by updating its S-1 filing with third-quarter data. The new data provides the market with a much…
Recent Posts
- Larian Studios doesn’t want to make another Baldur’s Gate sequel, so Hasbro is looking elsewhere
- Gmail’s tabs are actually useful now that I’ve found this extension
- Nothing Ear and Nothing Ear (a) Review: Third Time, Still Charming
- Forget Apple’s M4 MacBooks – Lenovo’s Snapdragon X Elite laptops have been spotted and could be the most exciting launch of 2024
- Senate Democrats urge crackdown on autonomous vehicles and driver assist
Archives
- April 2024
- March 2024
- February 2024
- January 2024
- December 2023
- November 2023
- October 2023
- September 2023
- August 2023
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- December 2011