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Investing.com -- Sprinklr reported mixed second-quarter results, missing profit expectations while revenue came ahead. The company also offered rosy third-quarter and full-year guidance.
Even so, Sprinklr shares slipped 1.4% in premarket trading on Wednesday.
The company posted non-GAAP diluted EPS of $0.08, compared with $0.10 expected by analysts.
Revenue rose 8% year-on-year to $212 million, beating the $205.4 million consensus. Subscription revenue grew 6% from a year earlier to $188.5 million.
Operating cash flow for the quarter was $34.8 million, while free cash flow came in at $29.8 million.
Remaining performance obligations (RPO) increased 4% from last year, and current RPO grew 7%.
For the fiscal third quarter ending October 31, Sprinklr guided subscription revenue to $186–187 million and total revenue to $209–210 million, above the expected $206.6 million.
It expects non-GAAP operating income of $28.5–29.5 million and non-GAAP EPS of $0.09, in line with estimates.
For the full fiscal year, the company projects subscription revenue of $746–748 million and total revenue of $837–839 million, exceeding the $825.9 million consensus projection.
Non-GAAP operating income is forecast between $131 million and $133 million, with EPS of $0.42–0.43, compared to the $0.4 average analyst estimate.
Alongside the results, Sprinklr announced the appointment of Scott Millard as Chief Revenue Officer, effective September 22.
Millard, who will report to President and CEO Rory Read, joins from Dell Technologies, where he most recently led global AI sales with a $15 billion revenue portfolio. He previously held a range of senior sales leadership roles at Dell across North America.