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Apr 30, 2022
Sprinklr Q1 2023 Earnings Report
Sprinklr's Q1 2023 financial results were announced, showcasing revenue growth and improved operating discipline.
Key Takeaways
Sprinklr reported a 31% year-over-year increase in total revenue, reaching $145.0 million for Q1 2023. Subscription revenue also saw a substantial increase of 32% year-over-year. The company highlighted improved operating discipline, leading to positive adjusted free cash flow for the quarter.
Total revenue for Q1 2023 reached $145.0 million, a 31% increase year-over-year.
Subscription revenue grew by 32% year-over-year, totaling $127.3 million.
Net dollar expansion rate (NDE) was reported at 123%.
The company reported 90 customers with $1 million in revenue, up 30% year-over-year.
Sprinklr
Sprinklr
Sprinklr Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comProfessional Services Revenue
CapyFin.com Forward Guidance
Sprinklr provided guidance for the second fiscal quarter ending July 31, 2022, and the full fiscal year ending January 31, 2023.
Positive Outlook
- Subscription revenue between $129.5 million and $131.5 million for Q2 2023.
- Total revenue between $146.5 million and $148.5 million for Q2 2023.
- Subscription revenue between $540.5 million and $546.5 million for FY2023.
- Total revenue between $612 million and $618 million for FY2023.
Challenges Ahead
- Non-GAAP operating loss between $11 million and $13 million for Q2 2023.
- Non-GAAP net loss per share between $0.05 and $0.06 for Q2 2023.
- Non-GAAP operating loss between $37 million and $41 million for FY2023.
- Non-GAAP net loss per share between $0.18 and $0.20 for FY2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income