Compared to Estimates, C3.ai (AI) Q1 Earnings: A Look at Key Metrics

C3.ai reported Q1 revenue of $52.38 million, down 25.5% year-over-year but beating consensus estimates by 1.79%. The company posted an EPS of -$0.20, a significant improvement from -$0.37 a year ago and beating estimates by 23.08%. While subscription revenue declined 18.5% YoY, gross margins improved in both professional services and subscription segments. The stock holds a Zacks Rank #3 (Hold) rating.