Sprinklr gains after strong annual forecast
28/03/2024 09:58
** Shares of software firm Sprinklr CXM.N rise 5.8% to
$13.76 premarket
** Co sees FY25 profit between 38 cents and 39 cents per
share, above Street expectations of 37 cents - LSEG data
** Co also surpassed analysts' expectations for Q4 revenue
** Announces incremental $100 mln share buyback
** CXM has consistently beaten quarterly adj. profit
expectations since its IPO in June 2021
** Eight of 14 brokerages rate the stock "buy" or higher,
six "hold"; their median PT is $16
** Up to last close, stock had risen 8% YTD
(Reporting by Johann M Cherian in Bengaluru)
((johann.mcherian@thomsonreuters.com;))