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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.
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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