Overview

• Unified-CXM platform's fiscal Q1 revenue grew 7% yr/yr, subscription revenue up 6%

• Adjusted EPS for fiscal Q1 was $0.11, GAAP EPS was $0.02

• Company reported improved renewals and a healthy pipeline

Outlook

• Sprinklr sees Q2 total revenue between $214 mln and $215 mln

• Company expects Q2 non-GAAP net income per share of about $0.10

• Sprinklr forecasts full-year total revenue between $866.5 mln and $868.5 mln

Result Drivers

• RENEWALS AND PIPELINE - Co said improved renewals and a healthy pipeline contributed to results, reflecting growing customer confidence, per CEO Rory Read

• AI-NATIVE PLATFORM - Co said its AI-native platform and over $1 bln in RPO position it for durable growth, per CEO Rory Read

Company press release: ID:nBw11w4Fka

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Revenue		$219.48 mln
Q1 Adjusted EPS		$0.11
Q1 EPS		$0.02
Q1 Net Income		$4.18 mln
Q1 Gross Profit		$143.03 mln
Q1 Operating Expenses		$132.42 mln
Q1 Operating Income		$10.61 mln

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the software peer group is "buy."

• Wall Street's median 12-month price target for Sprinklr Inc is $7.00, about 24.6% above its June 2 closing price of $5.62

• The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

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