NYSE$CXM
Sprinklr Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Sprinklr had a solid quarter with strength in Sprinklr Service product suite and a record level of profitability.
Sprinklr reported Q2 fiscal year 2024 results with total revenue of $178.5 million, up 18% year-over-year, and subscription revenue of $163.5 million, up 23% year-over-year. The company generated net cash provided by operating activities of $14.6 million and free cash flow of $8.7 million. Sprinklr's RPO and cRPO were up 35% and 22% year-over-year, respectively, and the company had 120 $1 million customers, up 22% year-over-year.
- Total revenue for the second quarter was $178.5 million, up 18% year-over-year.
- Subscription revenue for the second quarter was $163.5 million, up 23% year-over-year.
- Second quarter operating income was $5.5 million, compared to an operating loss of $21.7 million one year ago.
- Second quarter net income per share, basic was $0.04, compared to net loss per share, basic of $0.09 in the second quarter of fiscal year 2023.
Headline financials
Revenue & EPS history
Sprinklr · Revenue · Quarterly
$178M
Revenue by segment
Sprinklr · $178M total across 2 segments · Q2 2024
- Subscription$163M+22.8%91.6%
- Professional services$15M-14.5%8.4%
Forward guidance
Sprinklr is providing the following guidance for the third fiscal quarter ending October 31, 2023:Subscription revenue between $164 million and $166 million.Total revenue between $179 million and $181 million.Non-GAAP operating income between $15 million and $17 million.Non-GAAP net income per share between $0.06 and $0.07, assuming 274 million basic weighted-average shares outstanding.
Tailwinds
- Subscription revenue between $164 million and $166 million.
- Total revenue between $179 million and $181 million.
- Non-GAAP operating income between $15 million and $17 million.
- Non-GAAP net income per share between $0.06 and $0.07.
- Assuming 274 million basic weighted-average shares outstanding.
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 Q2 2024
+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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