Summary by Futu AI
C3 AI reported strong Q1 FY2025 results with total revenue reaching $87.2M, up 21% YoY, while subscription revenue grew 20% to $73.5M. The company achieved positive free cash flow of $7.1M and maintained substantial cash reserves of $762.5M. GAAP net loss was $0.50 per share, while non-GAAP net loss narrowed to $0.05 per share.The company demonstrated significant market expansion, closing 71 agreements (up 122% YoY) including 52 pilots. Partner-supported bookings grew 94% YoY, with Google Cloud partnership yielding 40 agreements. Notable new customers include GSK, Eletrobras, Valero, and various U.S. defense agencies. The federal business remained strong, representing over 30% of Q1 bookings.C3 Generative AI continued to gain traction with 17 new pilots across diverse sectors including manufacturing, agriculture, government, and life sciences. The company provided FY2025 guidance with total revenue projected at $370-395M. Management highlighted rising enterprise AI demand driving sixth consecutive quarter of accelerating revenue growth.
