C3.ai, Inc. (AI) Deutsche Bank Technology Conference Transcript

C3.ai, Inc. (NYSE:AI) Deutsche Bank Technology Conference September 1, 2022 2:45 PM ET

Company Participants

Ed Abbo – President and Chief Technology Officer
Juho Parkkinen – Chief Financial Officer

Conference Call Participants

Brad Zelnick – Deutsche Bank

Brad Zelnick

I think we're live again. Welcome back, everybody. I'm Brad Zelnick with the Deutsche Bank software team, really delighted to be joined for this session by the good folks from C3 AI. We are specifically joined by Ed Abbo, President and CTO; and Juho Parkkinen…

Juho Parkkinen

Perfect.

Brad Zelnick

…CFO of the company. Welcome, guys. Thank you so much for being here.

Juho Parkkinen

Thank you.

Brad Zelnick

Format of this presentation is originally meant to be a fireside chat. There is some chance that we may even go to some visuals here in the room for – if the conversation takes us there. But maybe we'll dive right in. And then if we have time, maybe towards the end, we'll open it up to a question or two from the room. Is that okay?

Juho Parkkinen

Yes, perfect.

Brad Zelnick

All right. Very cool. Maybe to start out, you reported somewhat of an eventful Q1 last night, and I would just like to start out with understanding what the key messages are that you should hope investors walked away with from that call.

Juho Parkkinen

Yes. No, thanks for that question. So yesterday, we had our earnings call. And the key message is really would be around, the results were actually quite good for Q1 from my perspective. We updated our sales model. So we are going to have a consumption-based pricing, which we're introducing immediately and then we accelerated our path to profitability. So those were the key items discussed yesterday. We provided supplemental materials as part of our earnings materials on our website, which outlines model assumptions that we