(Bloomberg) – C3.ai Inc. (AI) has dropped by 30% after a high sale is missing the software company assigned to the health problems of its founder.
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Late Friday evening, C3 published preliminary profits showing that income has dropped estimates by analysts. He also announced a new list of leaders for his sales operation.
“It was a brutal district and if C3 cannot overthrow the steam, the darker days could be in advance,” wrote Dan Ives, analyst at Wedbush.
Several weeks ago, the Chief Executive Officer Tom Siebel, announced his intention to withdraw due to an autoimmune disease and declared that the company he had founded would begin a search for his successor. Siebel has described the results of “completely unacceptable” and said that his health problems have actively helped him to sell the company’s software.
The results “can still push management to a deeper strategic assessment of the company,” wrote Sunil Rajgopal, analyst at Bloomberg Intelligence.
C3 – whose Ticker is AI – benefited from the first mania of Wall Street for artificial intelligence. The company has since had trouble winning major offers for its data -oriented software.
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