Sprinklr Continues Rapid Revenue Growth

Unified CX management platform Sprinklr has reported continuing strong growth, in financial reporting for the third quarter. Revenue rose 18% to $186.3m.

The rise was the result of a 22% increase in subscription revenue, to $170.5m. The firm's much smaller professional services business shrank slightly from $17.3m to $15.9m. The company also turned an operating loss of $4.6m in Q3 2022 into income of of $13.2m in Q3 2023 - in non-GAAP, adjusted terms it saw a big increase from $6.9m to $27.4m.

For the full fiscal year ending January 31st 2024 the company forecasts total revenue between $725.5m and $727.5m; and non-GAAP operating income between $80m and $82m.

Founder and CEO Ragy Thomas (pictured) says of the results: 'We had another solid quarter across the board with record levels of profitability supported by strength in our Sprinklr Service product suite'.

Sprinklr is headquartered in New York City with around 3,245 employees at the beginning of last year. Web site: www.sprinklr.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.