Sprinklr Shares Surge 18% After Earnings Beat Analyst Estimates
2022.04.07 20:25
By Sam Boughedda
Investing.com — Sprinklr Inc (NYSE:CXM) shares jumped 18% on Thursday after it announced its fourth-quarter and full-year results.
The company posted fourth-quarter sales of $135.67 million. Revenue was up 30% year-over-year and beat analysts’ forecasts of $130.37 million. The loss per share also beat estimates, coming in at 5 cents above expectations of a loss of 9 cents a share.
In addition, the software company also reported earnings for fiscal 2022. Revenue was $492.4 million, up from $386.9 million a year ago. The majority of the company’s revenue came from subscriptions, which increased 26% to $427.7 million.
Sprinklr’s anticipates revenue between $607 million and $615 million for its fiscal year ending January 31, 2023.
“Fiscal Year 2022 was a monumental year for Sprinklr. We accelerated our growth, went public, and created a new category called unified customer experience management for the world’s leading enterprise brands,” said Ragy Thomas, Sprinklr founder and CEO.
