C3.ai (NYSE:AI) has reported fiscal fourth quarter results that topped Wall Street expectations on both revenue and adjusted earnings, though the enterprise artificial intelligence software company issued full-year fiscal 2027 guidance that came in below analyst forecasts.
For the quarter ended April 30, C3.ai posted revenue of $51.6 million, exceeding the consensus estimate of $50.13 million.
The company reported an adjusted loss of $0.33 per share, compared with analysts' expectations for a loss of $0.38 per share.
Subscription revenue totaled $48.4 million and represented 94% of total revenue, while subscription and prioritized engineering services revenue combined reached $50.5 million, accounting for 98% of total revenue.
For the full fiscal year 2026, the company reported total revenue of $250.3 million, down 52.5% from the prior year, with subscription revenue of $227.1 million, or 91% of the total.
Commenting on the company's recent performance, C3.ai CEO Thomas Siebel wrote, "The sales performance over recent quarters has been entirely unacceptable, to the point of surreal. We are here to fix it."
“We have a well-defined strategy, a restructured organization, new executive leadership, and a detailed execution plan now in place with the singular focus of increasing shareholder value through topline revenue growth, cash generation, and non-GAAP profitability. Game on,” Siebel said.
For the full fiscal year 2027, the company expects revenue of $210 million to $240 million, with a midpoint of $225 million, below the analyst consensus estimate of approximately $248.9 million. It also projected a non-GAAP operating loss of between $128 million and $160 million.
Shares of C3.ai added 0.7% at about $11 post-earnings.