C3.AI Reports Net Loss for Q2 2023 Amidst Rising Revenues

C3.AI, Inc.(AI) has announced its financial results for the second quarter of 2023, reporting a net loss of $64.4 million. This figure represents a substantial loss compared to the same period in the previous year when the company reported a net loss of $71.9 million.

Revenue Update

In the same financial report, the company revealed that it generated a total revenue of $72.4 million during the three months ended July 31, 2023. This represents a notable increase from the $65.3 million in revenue reported during the same period in 2022.

C3.AI, Inc., a leading provider of enterprise AI applications, has released its unaudited condensed consolidated financial statements for the second quarter of 2023. The company's financial performance for this period reflects both growth in revenue and a reduction in net losses compared to the same period last year.