Wed, Jun 5, 8:23 PM (51 days ago)
For the quarter ended April 30, 2024, Sprinklr, Inc. reported significant financial metrics and operational highlights. The company achieved total revenue of $195.96 million, a 13% increase year-over-year, driven by a 12% rise in subscription revenue and an 18% increase in professional services revenue. Gross profit was $144.83 million, with a gross margin of 74%. Operating income was $5.71 million, a substantial improvement from a loss of $3.19 million in the same quarter last year. Net income rose to $10.63 million, up from $2.81 million, with a diluted EPS of $0.04. Key performance metrics include a Remaining Performance Obligation (RPO) of $922.5 million, with $570.4 million expected to be recognized within the next 12 months. The Net Dollar Expansion Rate (NDE) was 114.6%, indicating strong customer retention and expansion despite a slight decrease from the previous year. Operationally, the company repurchased 8.34 million shares for $101.2 million and approved an additional $100 million for future repurchases. Cash flow from operating activities was $41.71 million, with a free cash flow of $36.19 million. The company ended the quarter with $126.82 million in cash and cash equivalents and $483.26 million in marketable securities. Overall, Sprinklr demonstrated robust financial health with strong revenue growth, improved profitability, and effective cash flow management, positioning it well for future operational and strategic initiatives.