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Jan 31, 2023
Sprinklr Q4 2023 Earnings Report
Sprinklr's Q4 performance showed strong results driven by efficient execution and customer value creation with the Unified-CXM platform.
Key Takeaways
Sprinklr reported a 22% year-over-year increase in total revenue for Q4 2023, reaching $165.3 million. Subscription revenue grew by 26% year-over-year to $148.3 million. The company achieved non-GAAP profitability and generated positive free cash flow, driven by operational improvements.
Total revenue for Q4 reached $165.3 million, a 22% increase year-over-year.
Subscription revenue for Q4 was $148.3 million, up 26% year-over-year.
Net cash provided by operating activities was $22.1 million, with a free cash flow of $16.3 million in Q4.
Total RPO reached $719.5 million, a 26% increase year-over-year, and cRPO was $485.2 million, up 23% year-over-year.
Revenue by Segment
Forward Guidance
Sprinklr provided guidance for Q1 2024 and full fiscal year 2024.
Positive Outlook
- Subscription revenue between $153 million and $155 million for Q1 2024.
- Total revenue between $168 million and $170 million for Q1 2024.
- Non-GAAP operating income between $3 million and $5 million for Q1 2024.
- Non-GAAP net income per share between $0.00 and $0.01, assuming 268 million weighted average shares outstanding for Q1 2024.
- Subscription revenue between $644 million and $648 million for full year fiscal 2024.
Challenges Ahead
- Total revenue between $710 million and $714 million for full year fiscal 2024.
- Non-GAAP operating income between $41 million and $45 million for full year fiscal 2024.
- Non-GAAP net income per share between $0.13 and $0.15, assuming 273 million weighted average shares outstanding for full year fiscal 2024.
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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