NYSE$CXM
Sprinklr Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Sprinklr's Q3 2023 results exceeded expectations across all key metrics, demonstrating profitable revenue growth and operating margin improvement.
Sprinklr reported a strong Q3 fiscal year 2023 with total revenue of $157.3 million, up 24% year-over-year, and subscription revenue of $139.9 million, up 27% year-over-year. The company achieved non-GAAP profitability and continued operating margin improvement.
- Total revenue reached $157.3 million, a 24% increase year-over-year.
- Subscription revenue grew to $139.9 million, representing a 27% year-over-year increase.
- RPO and cRPO increased by 28% and 27% year-over-year, respectively.
- The company reported 107 customers with over $1 million in revenue, a 34% increase year-over-year.
Headline financials
Revenue & EPS history
Sprinklr · Revenue · Quarterly
$157M
Revenue by segment
Sprinklr · $157M total across 2 segments · Q3 2023
- Subscription$140M+27.3%89.0%
- Professional services$17.3M+1.3%11.0%
Forward guidance
Sprinklr provided guidance for the fourth fiscal quarter ending January 31, 2023, and the full fiscal year ending January 31, 2023.
Tailwinds
- Subscription revenue between $145.5 million and $146.5 million for Q4 2023.
- Total revenue between $162.3 million and $163.3 million for Q4 2023.
- Non-GAAP operating income between $6 million and $7 million for Q4 2023.
- Non-GAAP net income per share between $0.01 and $0.02, assuming 264 million weighted average shares outstanding for Q4 2023.
- Subscription revenue between $545.8 million and $546.8 million for the full fiscal year 2023.
Headwinds
- Total revenue between $615.2 million and $616.2 million for the full fiscal year 2023.
- Non-GAAP operating loss between $1.3 million and $2.3 million for the full fiscal year 2023.
- Non-GAAP net loss per share between $0.04 and $0.05, assuming 260 million weighted average shares outstanding for the full fiscal year 2023.
- High variability, complexity and low visibility with respect to the charges excluded from these non-GAAP measures
- Unpredictable fluctuations in stock price
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 Q3 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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