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Sprinklr Shares Jump 11% on Q3 EPS, Sales Surpassing Estimates

Benzinga ·  Dec 5, 2024 05:21

$Sprinklr (CXM.US)$ reported Q3 earnings after the bell, with earnings and sales beating estimates.

The company reported Q3 earnings of $0.10 per share, surpassing the analyst consensus estimate of $0.08 by 25%.

Quarterly sales totaled $200.70 million, exceeding the analyst consensus estimate of $196.42 million by 2.18%. This marks a 7.72% increase compared to sales of $186.32 million during the same period last year.

“Sprinklr’s third quarter results delivered a 12% non-GAAP operating margin and positive free cash flow,” said Rory Read, Sprinklr’s President and CEO. Read continued, “Since joining the company, I have seen first-hand the strengths that set us apart: our industry-leading technology, exceptional roster of customers and partners, and a strong market fit. While there is work ahead in becoming a Rule of 40 company, we are confident in our ability to accelerate growth and deliver meaningful margin expansion - creating value for our customers, partners and stockholders.”

The company offered the following Q4 guidance: Total revenue between $200 million and $201 million and earnings per share of approximately $0.07.

Full-year 2025 guidance: Total revenue between $793.9 million and $794.9 million and earnings per share between $0.31 and $0.32.

At 4:20 p.m. ET, the stock is up 11%.

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