C3 AI posts fiscal Q4 revenue in line with guidance but bookings slump
C3 AI reported preliminary fiscal fourth-quarter revenue of $51.6 million, a 53% year-over-year decline, landing at the high end of its guidance and slightly above consensus. The company posted a narrower-than-expected non-GAAP operating loss, while the pace of new contracts slowed. Founder Thomas M. Siebel returned as CEO in May and said his healt…