C3.ai, Inc. (AI) Q3 2022 Earnings Call

Investor webinar replay

Meeting Overview The meeting was a fiscal earnings call for C3AI, focusing on the results of the third quarter of fiscal year 2022. Key highlights included significant revenue growth, increased customer count, and notable contract expansions with major clients. Key Discussion Points - Overview of C3AI's third quarter results, including a 42% year-over-year revenue growth. - Subscription revenue increased by 34%, totaling $57.1 million. - Customer count rose by 82% year-over-year, reaching 218. - Discussion of industry diversification in revenue sources, with significant contributions from utilities, chemicals, agribusiness, and financial services. - Highlights of major customer wins and contract expansions, including: - A five-year, $500 million agreement with the Department of Defense. - Expanded contracts with Shell, Lyondell Bissell, Royal Philips, Cargill, and Engie. - Appointment of Lisa Davis to the board of directors. - Impact of the National Defense Authorization Act on AI p...

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[Speaker identities could not be resolved; generic labels used] [00:00] Speaker 1: Thank you for your patience. Today's call will begin momentarily. [00:03] Speaker 1: Thank you for your patience. Today's call will begin momentarily. [00:41] Speaker 1: Good afternoon and thank you for attending today's [00:45] Speaker 1: C3AI 3rd 0.25 fiscal earnings call. [00:48] Speaker 1: My name is Amber and I will be your moderator for today's call. All lines will be muted during the presentation 0.25 of the call with an opportunity for questions and answers at the end. If you would like to ask a question, please press star 1 on your telephone keypad. [01:03] Speaker 1: It's now my pleasure to hand the conference over to our host, Paul Phillips with C3AI. [01:08] Speaker 1: Paul, please proceed. [01:11] Speaker 2: Good afternoon and welcome to C3AI's [01:13] Speaker 2: earnings call for the 3rd 0.25 of fiscal year 2022, [01:18] Speaker 2: which ended January 31st, 22. [01:20] Speaker 2: My name is Paul Phillips and I'm the Vice President of Investor Relations. With me on the call today is Tom Siebel, Chairman [01:27] Speaker 2: and Chief Executive Officer. [01:29] Speaker 2: After the market closed today, we issued a press release with details regarding our 3rd 0.25 results, as well as a supplement to our results, [01:36] Speaker 2: both of which can be accessed on the investor relations section of our website at ir.c3.ai. [01:43] Speaker 2: This call is being webcast and a replay will be available on our IR website following the conclusion of the call. [01:50] Speaker 2: During today's call, we will make statements relating to our business that may be considered forward-looking under federal securities laws. [01:56] Speaker 2: These statements reflect our views only as of today...