Sprinklr reports its highest quarterly profitability ever
Sprinklr this week reported financial results for its third quarter ended October 31, 2023. The company saw revenue increase 18% year-over-year to $186.3 million, while subscription revenue grew 22% to $170.5 million.
![Sprinklr reports its highest quarterly profitability ever](/content/images/size/w2000/2023/12/graph.png)
Sprinklr this week reported financial results for its third quarter ended October 31, 2023. The company saw revenue increase 18% year-over-year to $186.3 million, while subscription revenue grew 22% to $170.5 million.
Sprinklr also posted its highest quarterly profitability ever, with non-GAAP operating income of $27.4 million and non-GAAP net income per share of $0.12.
“We had another solid quarter across the board with record levels of profitability supported by strength in our Sprinklr Service product suite,” said Ragy Thomas, Founder and CEO at Sprinklr. “We’re committed to helping customers achieve productivity gains across their front office through leveraging generative AI, turning vast amounts of unstructured data into actionable insights, and unifying their customer-facing teams that result in superior customer experiences.”
For the fourth quarter, Sprinklr expects subscription revenue between $172.5 million and $174.5 million, total revenue between $187.5 million and $189.5 million, non-GAAP operating income between $20.3 million and $22.3 million, and non-GAAP net income per share between $0.08 and $0.09.
For the full year, Sprinklr expects subscription revenue between $664 million and $666 million, total revenue between $725.5 million and $727.5 million, non-GAAP operating income between $80 million and $82 million, and non-GAAP net income per share between $0.36 and $0.37.
PPC Land is an international news publication headquartered in Frankfurt, Germany. PPC Land delivers daily articles brimming with the latest news for marketing professionals of all experience levels.
Subscribe to our newsletter for just $10/year and get marketing news delivered straight to your inbox. By subscribing, you are supporting PPC Land.
You can also follow PPC Land on LinkedIn, Bluesky, Reddit, Mastodon, X, Facebook, Threads, and Google News.
Know more about us or contact us via info@ppc.land
Our latest marketing news:
- Amazon launches Target Promotion for Sponsored Products advertisers
- Amazon Prime Video secures landmark NBA and WNBA broadcasting rights deal
- FTC Warns: Hashed data not anonymous, companies risk deceptive practice claims
- Taboola unveils AI-powered solution to boost publisher traffic amid digital shifts
- Meta tackles Nigerian financial Sextortion Scams in massive account purge
- FTC launches probe into surveillance pricing practices of eight companies
- Location-based advertising: revolutionizing digital marketing strategies
- Reddit's exclusive Search Deal with Google raises concerns over AI Data
- Netflix surges in Nielsen rankings, streaming dominates TV consumption
- Kargo and TikTok partner to enhance offline sales insights for advertisers