Sprinklr Inc · Q2 2023 earnings

Briefing

Sprinklr's performance exceeded expectations across key metrics, driven by focus on operational excellence and increasing efficiency.

Sprinklr reported a strong second quarter with revenue of $150.6 million, up 27% year-over-year. Subscription revenue grew by 29% year-over-year. The company is also improving its business outlook for fiscal year 2023 and confident in delivering strong revenue growth and a clear path to non-GAAP profitability.

• Total revenue for Q2 reached $150.6 million, a 27% increase year-over-year.
• Subscription revenue for Q2 was $133.1 million, up 29% year-over-year.
• RPO and cRPO increased by 33% and 29% year-over-year, respectively.
• The company had 98 customers with over $1 million in revenue, a 32% increase year-over-year.

Headline financials

Revenue & EPS history

Sprinklr is providing the following guidance for the third fiscal quarter ending October 31, 2022: Subscription revenue between $137 million and $139 million. Total revenue between $155 million and $157 million. Non-GAAP operating (loss) income between $(1 million) and $1 million. Non-GAAP net loss per share between $0.01 and $0.02, assuming 263 million weighted average shares outstanding. Sprinklr is providing the following guidance for the full fiscal year ending January 31, 2023: Subscription revenue between $543 million and $547 million. Total revenue between $616 million and $620 million. Non-GAAP operating loss between $8 million and $12 million. Non-GAAP net loss per share between $0.06 and $0.08, assuming 261 million weighted average shares outstanding.