NYSE$CXM
Sprinklr Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Sprinklr's Q4 performance showed strong results driven by efficient execution and customer value creation with the Unified-CXM platform.
Sprinklr reported a 22% year-over-year increase in total revenue for Q4 2023, reaching $165.3 million. Subscription revenue grew by 26% year-over-year to $148.3 million. The company achieved non-GAAP profitability and generated positive free cash flow, driven by operational improvements.
- Total revenue for Q4 reached $165.3 million, a 22% increase year-over-year.
- Subscription revenue for Q4 was $148.3 million, up 26% year-over-year.
- Net cash provided by operating activities was $22.1 million, with a free cash flow of $16.3 million in Q4.
- Total RPO reached $719.5 million, a 26% increase year-over-year, and cRPO was $485.2 million, up 23% year-over-year.
Headline financials
Revenue & EPS history
Sprinklr · Revenue · Quarterly
$165M
Revenue by segment
Sprinklr · $165M total across 2 segments · Q4 2023
- Subscription$148M+26.0%89.7%
- Professional services$17M-5.5%10.3%
Forward guidance
Sprinklr provided guidance for Q1 2024 and full fiscal year 2024.
Tailwinds
- Subscription revenue between $153 million and $155 million for Q1 2024.
- Total revenue between $168 million and $170 million for Q1 2024.
- Non-GAAP operating income between $3 million and $5 million for Q1 2024.
- Non-GAAP net income per share between $0.00 and $0.01, assuming 268 million weighted average shares outstanding for Q1 2024.
- Subscription revenue between $644 million and $648 million for full year fiscal 2024.
Headwinds
- Total revenue between $710 million and $714 million for full year fiscal 2024.
- Non-GAAP operating income between $41 million and $45 million for full year fiscal 2024.
- Non-GAAP net income per share between $0.13 and $0.15, assuming 273 million weighted average shares outstanding for full year fiscal 2024.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2023
+1.7%
Avg return
Earnings day
+0.6%
Avg return
5 days after
-3.8%
Avg return
30 days after
63%
15 / 24 earnings
Positive
+20.2%
Q4 2023
Best reaction
-33.6%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| 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 2023 | +5.2% | +4.5% | +5.1% | |
| Q1 2022 | +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% | |
| Q4 2021 | -7.6% | -8.1% | -13.8% | |
| Q2 2021 | -7.6% | -8.1% | -13.8% | |
| Q2 2022 | +6.8% | +0.2% | -3.4% | |
| Q1 2021 | — | — | — |
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