C3.ai Drops After Subscription Sales Miss Analysts' Estimates.

C3.ai Inc., a data analysis software company, saw its stock price drop by 18% in after-hours trading after reporting lower-than-expected quarterly subscription revenue. The company's subscription revenue for the fiscal first quarter was $73.5 million, falling short of the average analyst estimate of $79.1 million. Despite this, C3.ai has been successful in introducing products with generative artificial intelligence and has closed 17 generative AI pilot projects with large corporations and government entities. The stock, which had more than doubled in 2023, has declined by 20% this year. [Extracted from the article]