C3.ai Misses Sales Targets, Restructures Management Amid Industry Pressures
AI software firm C3.ai released preliminary Q1 revenue results that fell significantly short of analysts’ expectations, triggering a 10% drop in its shares during after-hours trading. The company responded by reorganizing its sales leadership, aiming to refocus its go-to-market strategy. CEO Tom Siebel acknowledged market headwinds but emphasized C3.ai’s commitment to long-term growth through enterprise AI adoption.
The underperformance highlights challenges in monetizing AI solutions at scale despite heightened industry interest, underscoring the need for sustainable execution in enterprise AI.
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