C3.ai led the rally with a 37.2% increase, with its total revenue of $78.4 million growing 18% year over year. However, Snowflake's 18% loss tempered these gains. Porch Group added 24.5% ahead of an earnings report scheduled for later this week. Meanwhile, Ocado Group, part of the Shop segment of the Connected Economy, lost 9% for the week. The company reported a 10% year-over-year revenue increase in fiscal 2023 and a 7% boost in Ocado Retail.
Key takeaways:
- The Connected Economy 100 Index saw a 1.9% gain as February transitioned into March, with the Be Well segment being the only one to lose ground.
- Zoom was a standout performer with an 11.8% increase, reporting enterprise revenues up 5% year on year to $647 million.
- C3.ai led the rally with a 37.2% increase, reporting total revenue of $78.4 million, an 18% year over year growth.
- Ocado Group, part of the Shop segment of the Connected Economy, lost 9% for the week, with CEO Tim Steiner highlighting delivery reliability as a key challenge.