Summary by Moomoo AI
C3.ai reported strong financial results for Q3 FY2025, with total revenue increasing 26% year-over-year to $98.8 million. Subscription revenue grew 22% to $85.7 million, while professional services revenue rose 64% to $13.1 million. The company executed 50 pilots and trials during the quarter, up from 29 in the same period last year.The company continued to demonstrate momentum in its consumption-based pricing model transition, though this impacted remaining performance obligations (RPO) which stood at $208.2 million as of January 31, 2025. Gross margin improved to 59% compared to 58% in the prior year period, driven by higher subscription margins and increased revenue from demonstration licenses.Operating expenses increased 14% year-over-year to $145.9 million, reflecting continued investments in research and development, sales and marketing, and general operations. The company maintained a strong balance sheet with $724.3 million in cash, cash equivalents and marketable securities. Management remains focused on expanding market reach through strategic partnerships and advancing its generative AI capabilities.
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