Tech company C3.ai sees potential in government and AI integration for automation and customer support. However, stock plummets 14% after disappointing Q1 revenue drop of 19.4% to $70.3 million, down 53% year to date. Founder blames sales reorganization for slip. New CEO Ehikian aims to revitalize sales and capitalize on AI demand.

New CEO Ehikian, with experience in AI startups and government work, hopes to boost C3.ai’s sales execution and confidence. Analysts see potential but remain cautious, citing revenue declines and execution problems. Wedbush maintains Outperform rating but lowers price target, while DA Davidson keeps Underperform rating with concerns about growth stability.

Ehikian, taking over as CEO, emphasizes expanding federal presence and making the platform easy to adopt by government and commercial sectors. Uncertainty lingers as C3.ai withdraws full-year outlook and faces challenges in stabilizing growth amidst revenue decline and execution issues. Wall Street remains cautious about the company’s ability to bounce back.

Read more at Yahoo Finance: New C3.ai CEO bets big on government AI use as shares slide