NYSE$CXM
Sprinklr Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Sprinklr's Q1 2023 financial results were announced, showcasing revenue growth and improved operating discipline.
Sprinklr reported a 31% year-over-year increase in total revenue, reaching $145.0 million for Q1 2023. Subscription revenue also saw a substantial increase of 32% year-over-year. The company highlighted improved operating discipline, leading to positive adjusted free cash flow for the quarter.
- Total revenue for Q1 2023 reached $145.0 million, a 31% increase year-over-year.
- Subscription revenue grew by 32% year-over-year, totaling $127.3 million.
- Net dollar expansion rate (NDE) was reported at 123%.
- The company reported 90 customers with $1 million in revenue, up 30% year-over-year.
Headline financials
Revenue & EPS history
Sprinklr · Revenue · Quarterly
$145M
Revenue by segment
Sprinklr · $145M total across 2 segments · Q1 2023
- Subscription$127M+31.6%87.8%
- Professional services$17.7M+24.3%12.2%
Forward guidance
Sprinklr provided guidance for the second fiscal quarter ending July 31, 2022, and the full fiscal year ending January 31, 2023.
Tailwinds
- Subscription revenue between $129.5 million and $131.5 million for Q2 2023.
- Total revenue between $146.5 million and $148.5 million for Q2 2023.
- Subscription revenue between $540.5 million and $546.5 million for FY2023.
- Total revenue between $612 million and $618 million for FY2023.
Headwinds
- Non-GAAP operating loss between $11 million and $13 million for Q2 2023.
- Non-GAAP net loss per share between $0.05 and $0.06 for Q2 2023.
- Non-GAAP operating loss between $37 million and $41 million for FY2023.
- Non-GAAP net loss per share between $0.18 and $0.20 for FY2023.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2023
+1.5%
Avg return
Earnings day
+0.5%
Avg return
5 days after
-3.8%
Avg return
30 days after
60%
15 / 25 earnings
Positive
+20.2%
Q4 2023
Best reaction
-33.6%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | -3.2% | -3.7% | — | |
| Q4 2026 | +6.4% | +2.1% | -3.9% | |
| Q3 2026 | +3.1% | +2.7% | -2.9% | |
| Q2 2026 | -10.0% | -8.0% | -9.7% | |
| Q1 2026 | +0.0% | +6.7% | +13.9% | |
| Q4 2025 | +16.6% | +6.9% | -10.1% | |
| Q3 2025 | +5.1% | +9.3% | +6.4% | |
| Q2 2025 | -9.5% | -13.2% | -13.4% | |
| Q1 2025 | -14.1% | -16.3% | -7.0% | |
| Q4 2024 | -4.3% | -5.0% | -6.9% | |
| Q3 2024 | -33.6% | -33.5% | -29.2% | |
| Q2 2024 | +0.4% | +0.7% | -9.8% | |
| Q1 2024 | +11.5% | +4.8% | +3.2% | |
| Q4 2023 | +20.2% | +20.8% | +12.4% | |
| Q3 2023 | -0.4% | +2.9% | -5.3% | |
| Q2 2023 | +7.0% | +8.7% | -14.9% | |
| Q1 2022 | +5.2% | +4.5% | +5.1% | |
| Q1 2023 | +5.2% | +4.5% | +5.1% | |
| Q4 2020 | +0.1% | +0.1% | -20.0% | |
| Q4 2022 | +16.9% | +17.0% | +11.9% | |
| Q3 2021 | +17.1% | +11.8% | +9.5% | |
| Q3 2022 | +6.5% | +3.8% | +4.9% | |
| Q2 2021 | -7.6% | -8.1% | -13.8% | |
| Q4 2021 | -7.6% | -8.1% | -13.8% | |
| Q2 2022 | +6.8% | +0.2% | -3.4% | |
| Q1 2021 | — | — | — |
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