Sprinklr Inc (NYSE:CXM) has reported first-quarter revenue and earnings that topped expectations, sending its shares higher in Tuesday pre-market trade.
The ‘unified customer experience management’ specialist posted a 20% rise in total revenue to $173.4 million for the quarter ended April 30, 2023, beating the Zacks Consensus Estimate by about 3%.
Adjusted net income per share swung to $0.06 from a $0.05 loss, above the $0.01 expected by Zacks.
Over the last four quarters, the company has surpassed consensus EPS estimates four times, Zacks noted.
Ragy Thomas, Sprinklr founder and CEO, said he was pleased with the company's focused execution, commenting: “During the quarter, we continued to see broad participation across our four product suites and through innovations such as Sprinklr AI+ we continue to develop ways for our customers to realize value through our unified platform.”
The company has guided for full-year total revenue of between $711 million and $715 million and adjusted income per share of $0.19 to $0.21.
After rising 2.4% ahead of its result on Monday, Sprinklr’s shares opened 7.5% up at $14.51 on Tuesday.
Contact the author at stephen.gunnion@proactiveinvestors.com