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C3 AI explores sale after CEO Thomas Siebel stepped down due to health issues, amid financial struggles and stock decline.
C3 AI is exploring a potential sale and other strategic options after founder-CEO Thomas Siebel stepped down due to health issues, including an autoimmune disease causing vision loss.
The Redwood City-based company, which serves clients like Shell, the U.S. Air Force, and government agencies, reported a 19% revenue drop and $116.8 million net loss in its fiscal first quarter, leading to the withdrawal of its full-year outlook.
Stephen Ehikian, a Salesforce veteran, took over as CEO in September.
The company, valued at about $2.15 billion, has seen its stock fall over 54% year-to-date.
No official comment has been issued.
C3 AI explora la venta después de que el CEO Thomas Siebel renunció debido a problemas de salud, en medio de dificultades financieras y caída de acciones.