Sprinklr Q2 2024 Earnings Report
Key Takeaways
Sprinklr reported Q2 fiscal year 2024 results with total revenue of $178.5 million, up 18% year-over-year, and subscription revenue of $163.5 million, up 23% year-over-year. The company generated net cash provided by operating activities of $14.6 million and free cash flow of $8.7 million. Sprinklr's RPO and cRPO were up 35% and 22% year-over-year, respectively, and the company had 120 $1 million customers, up 22% year-over-year.
Total revenue for the second quarter was $178.5 million, up 18% year-over-year.
Subscription revenue for the second quarter was $163.5 million, up 23% year-over-year.
Second quarter operating income was $5.5 million, compared to an operating loss of $21.7 million one year ago.
Second quarter net income per share, basic was $0.04, compared to net loss per share, basic of $0.09 in the second quarter of fiscal year 2023.
Sprinklr
Sprinklr
Sprinklr Revenue by Segment
Forward Guidance
Sprinklr is providing the following guidance for the third fiscal quarter ending October 31, 2023:Subscription revenue between $164 million and $166 million.Total revenue between $179 million and $181 million.Non-GAAP operating income between $15 million and $17 million.Non-GAAP net income per share between $0.06 and $0.07, assuming 274 million basic weighted-average shares outstanding.
Positive Outlook
- Subscription revenue between $164 million and $166 million.
- Total revenue between $179 million and $181 million.
- Non-GAAP operating income between $15 million and $17 million.
- Non-GAAP net income per share between $0.06 and $0.07.
- Assuming 274 million basic weighted-average shares outstanding.
Revenue & Expenses
Visualization of income flow from segment revenue to net income