C3.ai (NYSE:AI) reported fiscal first-quarter 2027 results after market close on Wednesday, posting revenue of $52.375 million slightly above analyst estimates of $52.0 million to $52.3 million and the $52.116 million consensus. The company reported an adjusted net loss of 20 cents per share, better than the $0.25 consensus estimate. Subscription revenue reached $49.2 million, accounting for 94% of total revenue. Cash, cash equivalents and marketable securities stood at $651.1 million, up $76 million from the prior quarter. Free cash flow turned positive. Bookings rose 73% quarter over quarter as C3.ai closed 22 enterprise agreements, including deals with Ford, Johnson & Johnson and multiple U.S. federal agencies; federal bookings increased 138% year over year. The company described revenue as stabilized, free cash flow as positive and the operating loss as narrowed after a 40% workforce reduction that is projected to deliver $135 million in annualized cost savings. Shares are trading 0.67% lower at $10.45. C3.ai guided second-quarter revenue of $51 million to $55 million, below the $56.6 million consensus, and affirmed fiscal 2027 revenue guidance of $210 million to $240 million, below the $224.3 million consensus. Forrester Research named C3.ai a leader in Enterprise AI.