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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.
Sprinklr
Sprinklr
Sprinklr Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comProfessional Services Revenue
CapyFin.com 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.
- High variability, complexity and low visibility with respect to the charges excluded from these non-GAAP measures
- Unpredictable fluctuations in stock price
Revenue & Expenses
Visualization of income flow from segment revenue to net income