C3.ai Reports Q1 2027 Earnings with Revenue Growth and Cost Reduction Progress
C3.ai reported first-quarter earnings for fiscal year 2027, showing revenue of $52.4 million, in line with expectations. Subscription revenue accounted for the majority at $49.2 million (94% of total), while bookings grew by 73% quarter-over-quarter as part of a turnaround plan. The company also saw strong federal bookings increase by 138% year-over-year due to demand from defense and intelligence sectors. The firm improved its non-GAAP operating loss to $36.2 million, up $8.3 million compared to the midpoint of guidance, with free cash flow turning positive at $2.1 million—up sharply from a negative $34.3 million in the same period last year. C3.ai also announced annualized cost savings of $135 million through restructuring efforts and reduced headcount by 40% across all departments. Looking ahead, management provided revenue guidance for Q2 between $51 million to $55 million with a non-GAAP operating loss expected in the range of $34.5 million to $42.5 million.
Topics: bookings cost_savings guidance revenue