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Story summary
- C3 AI secured 12 federal agreements, accounting for 28% of total bookings, and nine deals in Generative AI.
- The company launched a Strategic Integrator Program to strengthen partnerships and market presence.
- After disappointing Q1 results, C3 AI revised Q2 revenue projections to $72 million to $80 million, below analyst expectations.
- A securities class action lawsuit alleges misleading statements regarding CEO Thomas Siebel's health.
- Management highlights strong customer satisfaction and a growing market for enterprise AI.
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