Welcome to our dedicated page for Sprinklr news (Ticker: CXM), a resource for investors and traders seeking the latest updates and insights on Sprinklr stock.
Sprinklr, Inc. (symbol: CXM) is a leading provider of enterprise software specifically designed to enhance customer experience management for global brands. Headquartered in New York City, Sprinklr employs more than 900 professionals worldwide, serving over 1,000 top enterprise brands such as IHG, Intel, Microsoft, Samsung, and Virgin America.
Sprinklr's core business revolves around its comprehensive suite of fully integrated social media management tools, which are used to drive business outcomes and manage customer experiences across multiple touchpoints. With operations spanning 77 countries, Sprinklr has been recognized by Forrester as 'the most powerful technology in the market'.
The company offers a range of products that enable customer-facing functions across the front office to collaborate and communicate effectively. These products include:
- Sprinklr Service: A solution designed to enhance customer care operations.
- Sprinklr Social: A platform for managing social media interactions.
- Sprinklr Insights: A tool for gaining actionable insights from customer data.
- Sprinklr Marketing: A comprehensive solution for streamlining marketing efforts across digital channels.
Sprinklr operates in the Americas, EMEA, and other regions, with the majority of its revenue derived from the Americas. The company's innovative approach and robust technology have made it a vital tool for leading brands looking to improve customer engagement and drive business success.
For more information, visit sprinklr.com or follow them on Twitter @sprinklr.
Latest News:
Source: Sprinklr
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Sprinklr (NYSE: CXM) has been recognized as a Leader in The Forrester Wave™: Social Suites, Q4 2024 report. The company received the highest possible scores in 11 criteria, including Vision, Innovation Roadmap, Artificial Intelligence, and various social media management aspects.
The report highlights Sprinklr's evolution since its 2009 founding, emphasizing its expansion beyond social media into multiple customer communication channels. Forrester particularly noted Sprinklr's 'unified front office' vision and its strategic focus on AI implementation for reimagining social media workflows.
Sprinklr (NYSE: CXM) reported its Q3 fiscal 2025 results with total revenue of $200.7 million, up 8% year-over-year, and subscription revenue of $180.6 million, up 6% year-over-year. The company achieved a GAAP operating income of $7.9 million and non-GAAP operating income of $23.3 million, with operating margins of 4% and 12% respectively.
Key highlights include $9.2 million in net cash from operating activities, free cash flow of $4.9 million, and a 20% increase in $1 million customers to 147. The company's RPO and cRPO grew by 17% and 11% year-over-year. For Q4 FY2025, Sprinklr expects total revenue between $200-201 million and subscription revenue between $180-181 million.
Sprinklr (NYSE: CXM) has scheduled the release of its third quarter fiscal year 2025 financial results for December 4, 2024, after market close. The company will host a conference call to discuss the results at 5:00 pm ET on the same day. The earnings release will be available on Sprinklr's Investor Relations website. Interested parties can join the call via webcast or by dialing (877) 459-3955 (domestic) or (201) 689-8588 (international) with conference ID 13750163.
Sprinklr (NYSE: CXM) has appointed Rory Read as President & CEO and Board Member, effective November 5, 2024. Read succeeds Ragy Thomas, who transitions from Co-CEO to Advisor to the CEO while remaining Founder and Chairman. Trac Pham will step down from Co-CEO and Board roles to an advisory position. Read joins from Vonage, where he served as CEO from 2020-2024, overseeing its $6.2B acquisition by Ericsson. His experience includes leadership roles at Dell, Boomi, AMD, IBM, and Lenovo, notably leading Dell-EMC's integration that created Dell Technologies.
Sprinklr and IDC released new research on 2025 AI priorities based on a survey of 500 contact center and 500 marketing leaders. The study reveals that 73% of contact center executives expect autonomous 24/7 customer service to be AI's most impactful outcome, while 76% of marketing executives believe dynamic content creation will be key. Both sectors identify lack of skilled employees (42% contact center, 44% marketing) as the main barrier to AI implementation. The research emphasizes the need for enterprises to prepare for AI adoption through improved data infrastructure, unified customer insights, and strong AI governance.
Sprinklr (NYSE: CXM) has been recognized as an Exemplary Vendor in the ISG Buyers Guide for Contact Center Advanced. The report, produced by ISG Software Research, ranks Sprinklr as a leader in the Capability category, highlighting its strong performance in customer experience, product experience, and adaptability.
The ISG Buyers Guide evaluates 34 software providers across seven key categories, with Sprinklr excelling in out-of-the-box application integrations. Keith Dawson, Director of Research at ISG, noted that Sprinklr meets the needs of enterprises seeking advanced platforms with routing decisions based on customer experience factors.
Sprinklr's Service offering provides a next-generation customer service solution with a digital-first approach and enterprise-scale voice support. The company's unified front-office solution aims to deliver exceptional customer service at scale, leveraging AI and data analytics to improve both agent and customer experiences.
Sprinklr (NYSE: CXM) has launched a local data hosting solution for its platform in Switzerland on Microsoft Azure. This move supports certain security and governance requirements in the region, demonstrating Sprinklr's commitment and investment to expand its business in the DACH region and Europe. The company serves leading regional brands across various enterprise sectors, including telecommunications, retail, financial services, and travel & hospitality.
Michael Maas, Sprinklr's Senior Vice President of Europe, emphasized that this development will help customers revolutionize their customer experience using Sprinklr's AI-powered platform. The collaboration with Microsoft for Swiss data hosting is a significant milestone in Sprinklr's growth trajectory, supporting the company's commitment to enterprise governance, data security, and compliance. Swiss data hosting will be backed by Sprinklr's global support teams, technical resources, and sub-processors.
Sprinklr (NYSE: CXM) reported its Q2 fiscal 2025 results, showing 11% year-over-year growth in total revenue to $197.2 million. Subscription revenue increased by 9% to $177.9 million. The company generated $21.3 million in net cash from operating activities and $16.5 million in free cash flow. Sprinklr now has 145 customers with $1 million or more in annual recurring revenue, up 21% year-over-year. However, the company recorded a $10.1 million credit loss charge in Q2. Despite market challenges, Sprinklr remains focused on leveraging its AI-powered platform to help global enterprises.
A class action lawsuit has been filed against Sprinklr Inc. (NYSE:CXM) for alleged violations of securities laws. The Schall Law Firm is representing investors who purchased Sprinklr securities between March 29, 2023, and June 5, 2024. The lawsuit claims Sprinklr made false and misleading statements to the market. On June 5, 2024, Sprinklr issued guidance below expectations, citing soft demand, long sales cycles, and high churn in core product sales. The complaint alleges these factors were not previously disclosed, causing investors to suffer damages when the truth was revealed. Shareholders who experienced losses are encouraged to join the lawsuit before October 14, 2024. The case is currently awaiting class certification.
Sprinklr (NYSE: CXM), a unified customer experience management platform, has announced the release date for its second quarter fiscal year 2025 financial results. The results will be disclosed after market close on September 4, 2024. Sprinklr will host a conference call at 5:00 pm ET on the same day to discuss the results. Investors can access the live webcast through the Sprinklr Investor Relations website. For those joining by phone, the dial-in numbers are (877) 459-3955 (domestic) and (201) 689-8588 (international), with the conference ID 13748516. A replay of the call will be available on the company's investor relations website following the event.
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