Sprinklr Q2 revenue inches up, slightly misses estimates
Sprinklr Q2 revenue inches up, slightly misses estimates
Overview
Customer experience software firm's Q2 revenue grew 1% yr/yr, slightly missing analyst expectations
Adjusted EPS for Q2 beat analyst expectations
Company cites AI innovation and enterprise adoption as drivers for performance
Outlook
Sprinklr sees Q3 subscription revenue between $196 mln and $197 mln
Company expects Q3 total revenue between $215 mln and $216 mln
Sprinklr forecasts FY27 total revenue between $866.5 mln and $868.5 mln
Result Drivers
AI INNOVATION - Co said pace of AI innovation contributed to Q2 performance, per CEO Rory Read
ENTERPRISE ADOPTION - Co cited increasing enterprise adoption as a driver for Q2 results, per CEO Rory Read
CONTRACTED DEMAND - Growth in remaining performance obligations (RPO) supported Q2 results, per CEO Rory Read
Company press release: ID:nBw5xyY1ca
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Slight Miss* | $213.74 mln | $214.41 mln (8 Analysts) |
Q2 Adjusted EPS | Beat | $0.11 | $0.10 (9 Analysts) |
Q2 EPS |
| $0.03 |
|
Q2 Net Income |
| $7.12 mln |
|
Q2 Gross Profit |
| $139.19 mln |
|
Q2 Operating Expenses |
| $129.23 mln |
|
Q2 Operating Income |
| $9.96 mln |
|
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 5 "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 $6.75, about 11.2% below its September 1 closing price of $7.60
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 11 three months ago
Reuters Recommended Reads
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Sept 1 - Palo Alto Networks Q4 revenue beats estimates on NGS ARR growth
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)