Sprinklr, Inc. CXM shares are trading higher after the company reported its fourth-quarter financial results Wednesday after the bell. Here's a look at the highlights.
The Details:
Sprinklr reported quarterly earnings of 12 cents per share which beat the analyst consensus estimate of 9 cents by 33.33% and represents a 100% increase over earnings of 6 cents per share from the same period last year.
The company clocked quarterly sales of $194.21 million which beat the analyst consensus estimate of $188.73 million and is a 17.47% increase year-over-year.
“We are pleased with Sprinklr’s fourth quarter performance and overall success in FY 24. Our vision is clear: to unify customer-facing teams on an AI-powered platform. We’re strengthening our foundation and recruiting top-tier leaders to fuel our next phase of growth. With strong conviction, we believe we are the natural third or fourth front office platform for global brands at the forefront of exceptional customer experience,” said Ragy Thomas, Sprinklr CEO.
Outlook:
Sprinklr sees first-quarter earnings of 7 cents per share, versus the 8 cents per share estimate and first-quarter revenue in a range of $194 million and $195 million, verus the $193.18 million estimate.
The company expects fiscal year 2025 earnings between 38 cents and 39 cents per share, versus the 38 cents per share estimate and fiscal year revenue between $804.5 million and $805.5 million, versus the $801.89 million estimate.
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CXM Price Action: According to Benzinga Pro, Sprinklr shares are up 4.31% after-hours at $13.56 at the time of publication Wednesday.
Image: Gerd Altmann from Pixabay
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