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C3 AI shares surge on strong second quarter and upgraded outlook
- Shares in C3.ai Inc. surged over 15% after reporting strong earnings and revenue beats in Q2.
- C3 AI saw revenue of $94.3 million, up 29% YoY, with subscription revenue accounting for 86%.
- The company closed 58 engagements, including 36 pilots, and signed new agreements with major clients.
- C3 AI expects Q3 revenue of $95.5 million to $100.5 million and raised its full-year revenue outlook.
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