NYSE$CXM
Sprinklr Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Sprinklr's Q3 2024 financial results were announced, demonstrating growth and profitability.
Sprinklr reported a solid third quarter with total revenue of $186.3 million, up 18% year-over-year, and subscription revenue of $170.5 million, up 22% year-over-year. The company achieved record profitability, driven by its Sprinklr Service product suite, and generated $21.0 million in net cash from operating activities and $15.9 million in free cash flow.
- Total revenue reached $186.3 million, reflecting an 18% increase year-over-year.
- Subscription revenue grew to $170.5 million, a 22% increase year-over-year.
- GAAP operating income was $13.2 million, compared to an operating loss of $4.6 million in the same quarter last year.
- The company reported net income per share of $0.06, compared to a net loss per share of $0.02 in the third quarter of fiscal year 2023.
Headline financials
Revenue & EPS history
Sprinklr · Revenue · Quarterly
$186M
Revenue by segment
Sprinklr · $186M total across 2 segments · Q3 2024
- Subscription$170M+21.8%91.5%
- Professional services$15.9M-8.6%8.5%
Forward guidance
Sprinklr provided guidance for the fourth fiscal quarter ending January 31, 2024, and the full fiscal year ending January 31, 2024.
Tailwinds
- Subscription revenue is expected to be between $172.5 million and $174.5 million for Q4 2024.
- Total revenue is projected to be between $187.5 million and $189.5 million for Q4 2024.
- Non-GAAP operating income is anticipated to be between $20.3 million and $22.3 million for Q4 2024.
- Non-GAAP net income per share is expected to be between $0.08 and $0.09, assuming 275 million basic weighted-average shares outstanding for Q4 2024.
- Subscription revenue is expected to be between $664 million and $666 million for fiscal year 2024.
Headwinds
- Total revenue is projected to be between $725.5 million and $727.5 million for fiscal year 2024.
- Non-GAAP operating income is anticipated to be between $80 million and $82 million for fiscal year 2024.
- Non-GAAP net income per share is expected to be between $0.36 and $0.37, assuming 273 million basic weighted-average shares outstanding for fiscal year 2024.
- The company has not reconciled its financial outlook expectations as to non-GAAP operating income, or as to non-GAAP net income per share, to their most directly comparable U.S. GAAP measures.
- The variability of certain charges could have a significant, and potentially unpredictable, impact on the company's future U.S. GAAP financial results.
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 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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