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Investing.com -- Sprinklr Inc. reported better-than-expected first quarter fiscal 2026 results on Wednesday, sending its shares soaring 9.6% in premarket trading. The customer experience management platform provider beat analyst estimates for both earnings and revenue, driven by solid subscription growth.
Sprinklr posted adjusted earnings per share of $0.12 for the quarter ended April 30, surpassing the consensus estimate of $0.10. Total (EPA:TTEF) revenue came in at $205.5 million, up 5% YoY and above analysts’ expectations of $201.88 million. Subscription revenue, a key metric for software companies, grew 4% YoY to $184.1 million, exceeding the Bloomberg consensus estimate of $182.4 million.
The company’s president and CEO, Rory Read, highlighted the progress in Sprinklr’s transformation efforts, stating, "Our Q1 results reflect solid progress in our transformation to better serve our customers and partners. We are deeply focused on improving our execution and delivering business value to the brands we serve with our AI-native CXM platform."
Sprinklr generated record free cash flow of $80.7 million in the quarter, demonstrating strong cash generation capabilities. The company also reported 146 customers with over $1 million in annual recurring revenue, up 6% YoY.
Looking ahead, Sprinklr provided guidance for the second quarter, projecting total revenue between $205 million and $206 million and adjusted EPS of approximately $0.10. For the full fiscal year 2026, the company expects total revenue in the range of $825 million to $827 million.