![]() Remaining Performance Obligations (“RPO”): GAAP RPO was $403.2 million.Non-GAAP gross profit for the quarter was $51.0 million, representing a 76% non-GAAP gross margin. Gross Profit: GAAP gross profit for the quarter was $44.4 million, representing a 67% gross margin.Subscription Revenue: Subscription revenue for the quarter was $57.0 million, constituting 85.6% of revenue.Revenue: Total revenue for the quarter was $66.7 million, exceeding guidance of $63.0 million to $65.0 million.“The results speak for themselves.” Fiscal Third Quarter 2023 Financial Highlights We remain on track to become cash positive and non-GAAP profitable by the end of FY 24,” Siebel continued. “In the course of the third quarter we validated our transition to a consumption-based pricing model, expanded our partner ecosystem, expanded our business pipeline, and delivered industry leading product innovation in enterprise AI. This is a dramatic change from what we experienced in mid 2022.” “The overall business sentiment appears to be improving. “As we enter Q4 FY 23, we are seeing tailwinds from improved business optimism and increased interest in applying C3 AI solutions to address an increasing range of applications across a broad range of industries,” said Thomas M. (“C3 AI,” “C3,” or the “Company”) (NYSE: AI), the Enterprise AI application software company, today announced financial results for its fiscal third quarter ended January 31, 2023.
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