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Oct 31, 2022
Sprinklr Q3 2023 Earnings Report
Sprinklr's Q3 2023 results exceeded expectations across all key metrics, demonstrating profitable revenue growth and operating margin improvement.
Key Takeaways
Sprinklr reported a strong Q3 fiscal year 2023 with total revenue of $157.3 million, up 24% year-over-year, and subscription revenue of $139.9 million, up 27% year-over-year. The company achieved non-GAAP profitability and continued operating margin improvement.
Total revenue reached $157.3 million, a 24% increase year-over-year.
Subscription revenue grew to $139.9 million, representing a 27% year-over-year increase.
RPO and cRPO increased by 28% and 27% year-over-year, respectively.
The company reported 107 customers with over $1 million in revenue, a 34% increase year-over-year.
Revenue by Segment
Forward Guidance
Sprinklr provided guidance for the fourth fiscal quarter ending January 31, 2023, and the full fiscal year ending January 31, 2023.
Positive Outlook
- Subscription revenue between $145.5 million and $146.5 million for Q4 2023.
- Total revenue between $162.3 million and $163.3 million for Q4 2023.
- Non-GAAP operating income between $6 million and $7 million for Q4 2023.
- Non-GAAP net income per share between $0.01 and $0.02, assuming 264 million weighted average shares outstanding for Q4 2023.
- Subscription revenue between $545.8 million and $546.8 million for the full fiscal year 2023.
Challenges Ahead
- Total revenue between $615.2 million and $616.2 million for the full fiscal year 2023.
- Non-GAAP operating loss between $1.3 million and $2.3 million for the full fiscal year 2023.
- Non-GAAP net loss per share between $0.04 and $0.05, assuming 260 million weighted average shares outstanding for the full fiscal year 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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