Core Insights - The report highlights the rapid scaling and deepening integration of enterprise AI, with over 1 million business customers utilizing OpenAI's tools, indicating a significant shift towards AI as core infrastructure within organizations [6][10][90] - The findings suggest that organizations leveraging AI are experiencing measurable productivity gains, with users reporting time savings of 40-60 minutes per day and improvements in various operational outcomes [10][27][28] Group 1: Enterprise AI Usage and Integration - Enterprise AI usage is accelerating, with ChatGPT message volume growing 8x and API reasoning token consumption per organization increasing 320x year-over-year, reflecting deeper workflow integration [10][17] - Custom GPTs and Projects have seen a 19x increase in weekly users year-to-date, with 20% of all enterprise messages processed via these tools, indicating a trend towards tailored, multi-step task execution [20][21] - The average reasoning token consumption per organization has increased significantly, suggesting that more intelligent models are being integrated into products and services [22][23] Group 2: Productivity and Business Impact - Seventy-five percent of surveyed workers report improved speed or quality of output due to AI, with significant time savings reported across various functions, particularly in data science, engineering, and communications [27][28] - AI is enabling workers to perform tasks they previously could not, with 75% of users reporting the ability to complete new tasks, including programming and data analysis [29][34] - The report indicates that productivity gains are materializing across core enterprise functions, with notable improvements in IT issue resolution, marketing campaign execution, and HR engagement [28][30] Group 3: Global Growth and Industry Trends - Enterprise AI growth is global, with international adoption surging, particularly in Australia, Brazil, the Netherlands, and France, which are growing faster than the global average [46][48] - The technology sector leads in growth, expanding 11x year-over-year, while healthcare and manufacturing are also rapidly closing the gap [40][39] - The report notes that the median sector has grown more than 6x year-over-year, indicating broad-based adoption across industries [36][39] Group 4: Adoption Gaps and Future Opportunities - A widening gap is emerging between organizations that effectively leverage AI and those that do not, with frontier workers generating 6x more messages than median workers [10][50] - Firms that invest in AI infrastructure and operating models are seeing deeper integration and greater organizational capability, suggesting that there is significant headroom for firms to increase their AI maturity [62][89] - The report emphasizes that as enterprise AI matures, organizations will increasingly translate AI capabilities into market-facing products and services, driving revenue growth and competitive advantage [93]

Financial Data and Key Metrics Changes - Subscription ARR reached $1.35 billion, growing 34% year over year [4][21] - Net new subscription ARR reached a record $94 million [4][21] - Subscription revenue was $336 million, growing 52% year over year [4][23] - Subscription NRR remained strong, above 120% [4][22] - Free cash flow was $77 million, compared to $16 million in the same quarter last year [5][25] Business Line Data and Key Metrics Changes - Data protection, identity resilience, and AI operations are the three main business lines [8] - Identity resilience platform achieved approximately $20 million in subscription ARR, doubling the number of identity customers in Q3 [12][49] - Cloud ARR reached $1.17 billion, up 53% [21] - The number of customers with $100,000 or more in subscription ARR grew 27% to 2,638 [22] Market Data and Key Metrics Changes - Revenue from the Americas grew 51% to $256 million, while revenue from outside the Americas grew 41% to $94 million [23] - The company continues to see strong adoption of its Rubrik Security Cloud, contributing to overall revenue growth [21] Company Strategy and Development Direction - The company aims to lead in the security and AI operations space, focusing on cyber resilience and AI transformation [5][6] - Rubrik's strategy includes expanding its product offerings to address the evolving cyber landscape and the rise of AI agents [7][16] - The company plans to invest in R&D and go-to-market strategies to enhance its offerings in data, security, and AI [26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the robust cyber resilience market and strong demand for their offerings [20][26] - The company raised its outlook for Q4 and the full fiscal year 2026, anticipating continued strong performance [20][27] - Management highlighted the importance of understanding risks associated with cyber breaches and the need for effective recovery solutions [6][49] Other Important Information - The company has launched Rubrik Agent Cloud, a new product suite aimed at managing AI agents safely and confidently [16][18] - The integration with Microsoft Copilot Studio and Amazon Bedrock is expected to enhance the capabilities of Rubrik Agent Cloud [18][44] Q&A Session Summary Question: How additive can identity be to an average data protection deal? - Identity is completely additive to the deal, creating new budget and targeting the CISO organization [30] Question: What is driving the acceleration in legacy replacement bookings? - The acceleration is driven by the need for modernization ahead of AI and the recognition of the risks posed by cyber attacks [34] Question: How is the platform expansion influencing the sales strategy? - The strategy remains focused on providing a comprehensive platform that enhances customer value through multiple product adoption [36] Question: What is the outlook for net new ARR going into 2027? - Net new ARR is expected to show some quarterly movements, but the focus should be on the annual number [51] Question: Is Rubrik's platform playing a role in lowering insurance premiums for customers? - Yes, having both identity resilience and cyber recovery is attractive for insurance companies, leading to potential recommendations [53] Question: What is the go-to-market strategy for the agent market? - The focus is on operationalizing agents and providing governance controls, with expectations for a gradual market emergence [56]

Group 1: Warner Brothers Discovery and Bidding War - Warner Brothers Discovery (WBD) is currently in a bidding war for its assets, with Paramount, Netflix, and Comcast submitting second-round bids [3][5] - Paramount has raised concerns about the sale process, indicating a strong desire to acquire WBD and suggesting potential legal action if they are not selected [4][5] - Netflix is reportedly the leading bidder with an 85% cash offer, which has raised concerns about regulatory scrutiny from the White House [12][13] Group 2: Market Trends and Economic Indicators - Wall Street experienced volatility as investors await potential Federal Reserve rate cuts, with increasing bets on a 25 basis point cut [2][20] - The Russell 2000 index reached a record high, indicating strong performance among small-cap stocks despite broader market fluctuations [22] - The bond market is showing signs of a steepening yield curve, with short-term yields dropping and long-term yields rising, reflecting expectations of Fed rate cuts [25][27] Group 3: C3 AI Performance and Strategy - C3 AI reported a 49% increase in bookings, driven by a significant 89% growth in its federal business, highlighting strong demand for enterprise AI solutions [37][43] - The company is focusing on aligning incentives with customer outcomes to drive economic value and growth, particularly in key use cases like supply chain optimization [41][42] - C3 AI's government business constitutes about 45% of its bookings, with ongoing efforts to expand into civilian sectors and enhance AI adoption [43][45] Group 4: Corporate Earnings and Market Reactions - SoFi Technologies announced a public offering of $1.5 billion in common stock to enhance its capital position [55] - Ulta reported third-quarter earnings of $2.9 billion, a 13% year-over-year increase, and raised its sales and earnings outlook [56] - HPE's shares fell after missing revenue expectations, reporting $9.68 billion against an expected $9.93 billion, with guidance for the next quarter also below estimates [57]

Core Insights - Workday, Inc. will have Gerrit Kazmaier, president of product and technology, present at the Barclays 23rd Annual Global Technology Conference on December 11, 2025 [1] - A live webcast of the event will be available on the Workday Investor Relations site, with a replay accessible for at least 90 days post-conference [2] Company Overview - Workday is an enterprise AI platform designed for managing people, money, and agents, integrating HR and Finance on a single intelligent platform [3] - The platform utilizes AI to empower users with clarity, confidence, and insights, enabling quick adaptation, better decision-making, and impactful outcomes [3] - Workday serves over 11,000 organizations globally, including more than 65% of the Fortune 500 companies [3]

Core Viewpoint - C3.ai Inc. is facing challenges in stabilizing its operations after a series of missed targets, leadership changes, and a significant overhaul of its sales organization [1] Financial Performance - C3.ai reported a second-quarter loss of $0.25 per share, which was better than the anticipated loss of $0.33, with revenue of $75.15 million, slightly exceeding expectations [2] - In the first quarter, C3.ai reported revenue of $70.26 million, significantly below the nearly $95 million forecasted by analysts, along with a larger-than-expected adjusted loss [3] Leadership and Organizational Changes - The former CEO, Thomas Siebel, cited health issues as a contributing factor to the company's decline, specifically an autoimmune disease that affected his vision, alongside a major restructuring of the sales and services teams [4] - Current CEO Stephen Ehikian acknowledged that sales execution had deteriorated and described the situation as "unacceptable" [3] Market Demand and Future Outlook - Despite recent setbacks, demand for enterprise AI is reported to be strong, potentially stronger than expected, with positive customer feedback and internal talent being highlighted as indicators for future growth [5] - Ehikian expressed confidence in the company's ability to regain profitability, emphasizing the need for consistent execution moving forward [6] Stock Performance - C3.ai's stock closed at $15.01, reflecting a 4.42% increase for the day, but fell to $14.75 in after-hours trading. Current trends indicate a downward trajectory across short, medium, and long-term performance [7]

Core Insights - C3.ai, once viewed as a significant player in the generative AI space, has experienced a notable decline in the stock market amidst the growing excitement surrounding enterprise AI this year [1] Company Analysis - C3.ai was previously considered a meaningful generative AI platform, indicating its potential in the technology sector [1] - The company has faced challenges that have led to its high-profile flameout in the stock market, suggesting a shift in investor sentiment or operational difficulties [1] Industry Context - The excitement around enterprise AI has been building, highlighting a broader trend in the technology industry where companies are increasingly focusing on AI capabilities [1]

Core Insights - C3.ai has experienced a significant decline in the stock market, despite the growing excitement around enterprise AI this year [1] Company Analysis - C3.ai was once viewed as a significant player in the generative AI platform space, indicating its potential in the technology sector [1] - The company has faced challenges that have led to its high-profile flameout, suggesting underlying issues that may affect its future performance [1] Industry Context - The excitement surrounding enterprise AI has been a major theme in the technology industry, highlighting the potential for growth and innovation [1] - The experience of analysts and contributors in the technology sector, including those with backgrounds in Wall Street and Silicon Valley, reflects the evolving landscape of AI and its impact on investment opportunities [1]

Investor Supplemental FY26-Q2 December 3, 2025 Disclaimer This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "anticipate," "believe," "continue," "estimate," "expect," "intend," "may," "will" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these words. Forward-looking statements in this press release include, but are not limited to, statem ...

C3 AAI CEO uh Stephen McCannian. Um Stephen, it's good to see you. So, how what's the status of getting the go to market motion fixed that really hit the stock earlier and how did that play out in the quarter.>> Yeah. Uh I would say it was a solid quarter um with a disciplined execution across sales and go to market. Uh what we really saw is acceleration our federal business. Uh we also saw uh key blue chip customers.Uh and uh we we saw the ability to go up market as well with some high volume high value uh ...

Core Insights - The company reported a solid quarter with disciplined execution in sales and go-to-market strategies, highlighting an acceleration in its federal business and engagement with key blue-chip customers [1][2] - There is a strong demand for enterprise AI adoption across various industries, particularly in defense, asset maintenance, supply chain optimization, and demand forecasting [3][4] - The federal government is increasingly focused on purchasing commercial off-the-shelf solutions and adopting AI technologies, which aligns with the company's core capabilities [5] Financial Performance - The non-GAAP gross margin was reported at 54%, which is lower than market expectations due to ongoing investments in innovation and go-to-market strategies [5][6] - The company is actively hiring and building its operational capacity to meet the increasing demand from customers [7] Market Trends - There is a significant push within the federal government to transition from bespoke solutions to commercial off-the-shelf options, with expansions noted in various military branches and civilian departments [10] - The company aims to deploy applications rapidly to demonstrate economic value, with successful case studies such as GSK's transition from vaccine demand forecasting to broader production applications [9]