C3.ai Jumps After Software Maker Gives Upbeat Sales Forecast
- Company has been weaving AI features into its products
- C3.ai has been shifting to a different approach to pricing
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C3.ai Inc. shares surged in late trading after the software company gave a stronger-than-expected annual sales forecast, helped by demand for artificial intelligence features.
Revenue will be $370 million to $395 million in fiscal 2025, which runs through next April, the company said in a statement Wednesday. Even the low end of that range would top the $367.5 million estimated by analysts on average, according to data compiled by Bloomberg.