C3.ai cuts 26% of global staff under new CEO's restructuring push [Yahoo! Finance]
C3.ai, Inc. Class A (AI)
Last c3.ai, inc. class a earnings: 2/6 04:35 pm
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Source: Yahoo! Finance
Ehikian, and also forecast current-quarter sales ?below estimates, sending its shares down 20% in extended trading. The company, which had roughly 1,181 full-time employees as of April 30, 2025, said on Wednesday ?it expected to ?record about $10 million to $12 million in restructuring charges this quarter, and aims to ?cut non-wages-related costs by around 30% by late 2027. For the third quarter, C3.ai's adjusted net loss ?per share ?of 40 cents ?came in wider than ?analysts' average estimate of a loss of 29 cents, according to data compiled by LSEG. "It was clear to me that we were not organized appropriately. We've reduced our cost structure and cash ?burn. We've restructured and flattened ?the sales organization," Ehikian, who ?took charge in ?September, said in a statement. It expects ?fourth-quarter revenue between $48 million ?and $52 million, sharply ?lower than estimates of $77.47 million. C3.ai projected annual adjusted loss from operations of about $219.5 million
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- 2/25/26 - Beat
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