Software firm Sprinklr's Q2 revenue rises 8%, beats estimates

Sprinklr

03/09/2025 12:14

Overview

Sprinklr Q2 rev grows 8% yr/yr, beating analyst expectations

Subscription revenue for Q2 rises 6% yr/yr

Scott Millard appointed Chief Revenue Officer, Manish Sarin to depart as CFO

Outlook

Sprinklr sees Q3 subscription revenue between $186 mln and $187 mln

Company expects Q3 total revenue between $209 mln and $210 mln

Sprinklr projects FY subscription revenue between $746 mln and $748 mln

Company anticipates FY total revenue between $837 mln and $839 mln

Result Drivers

CUSTOMER ENGAGEMENTS - CEO Rory Read highlights improved quality of customer engagements as a key driver for Q2 results

TRANSFORMATION PROGRESS - Sprinklr cites ongoing transformation efforts as a contributing factor to revenue growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$212.04 mln
$205.40 mln (9 Analysts)
Q2 EPS
$0.05
Q2 Net Income
$12.62 mln
Q2 Gross Profit
$144.60 mln
Q2 Operating Expenses
$128.33 mln
Q2 Operating Income
$16.27 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy."

Wall Street's median 12-month price target for Sprinklr Inc is $10.00, about 14% above its September 2 closing price of $8.60

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 21 three months ago

Press Release: ID:nBwD8hTWa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)