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Jul 31, 2021
Sprinklr Q2 2022 Earnings Report
Sprinklr's Q2 2022 financial results were announced, revealing revenue growth and continued adoption of its Unified-CXM platform.
Key Takeaways
Sprinklr reported a 27% year-over-year increase in total revenue, reaching $118.7 million for the second quarter of fiscal year 2022. Subscription revenue also grew by 25% year-over-year, totaling $103.3 million. The company's customer base continues to expand, with 74 customers now paying $1 million or more in subscription revenue.
Total revenue increased by 27% year-over-year to $118.7 million.
Subscription revenue grew by 25% year-over-year to $103.3 million.
Operating loss was $29.3 million, compared to operating income of $4.9 million one year ago.
74 customers are now paying $1 million or more in subscription revenue, up 23% 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 third fiscal quarter ending October 31, 2021, and the full fiscal year ending January 31, 2022.
Positive Outlook
- Subscription revenue between $104 million and $106 million for Q3 2022.
- Total revenue between $117 million and $119 million for Q3 2022.
- Subscription revenue between $413 million and $418 million for full fiscal year 2022.
- Total revenue between $470 million and $475 million for full fiscal year 2022.
Challenges Ahead
- Non-GAAP operating loss between $24 million and $26 million for Q3 2022.
- Non-GAAP net loss per share between $0.09 and $0.10, assuming 260 million weighted average shares outstanding for Q3 2022.
- Non-GAAP operating loss between $62 million and $66 million for full fiscal year 2022.
- Non-GAAP net loss per share between $0.36 and $0.38, assuming 197 million weighted average shares outstanding for full fiscal year 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income