C3.ai reports Q2 EPS (11c), consensus (16c)

Reports Q2 revenue $62.4M, consensus $60.9M. "It was a solid second quarter, with subscription revenue growing 26% year over year," said CEO Thomas M. Siebel. "We made substantial progress ramping our consumption-based sales motion effort, which has been well received by our customers, partners, and sales organization. We expect consumption-based sales will be a substantial contributor to growth in forthcoming quarters."