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.
Overview
Sprinklr Inc is a pioneering provider of enterprise software designed to empower global brands in managing comprehensive customer experiences and multi-channel communications. With a robust suite of solutions encompassing social media management, customer care, marketing, and insights, Sprinklr integrates disparate customer-facing functions to facilitate seamless digital collaboration. Leveraging a sophisticated technology platform, Sprinklr caters to a wide range of industries by enabling brands to optimize interactions across digital touchpoints, making it a vital tool in today's digital landscape.
Comprehensive Product Suite
At the heart of Sprinklr's offerings is an integrated ecosystem of applications engineered to support key operational areas:
- Sprinklr Social: Empowers brands to harness the power of social media by streamlining the management of campaigns, engagement, and customer interactions.
- Sprinklr Service: Focuses on elevating customer care operations through advanced support tools that facilitate responsive and proactive service delivery.
- Sprinklr Marketing: Enhances marketing strategies by converging customer insights and data-driven decision making to improve campaign effectiveness.
- Sprinklr Insights: Provides analytics and intelligence capabilities that aid in understanding customer behavior and optimizing overall communication strategies.
Market Position and Industry Significance
Sprinklr has established its reputation as a comprehensive enterprise social technology platform that centralizes the management of customer-centric operations across geographically diverse markets including the Americas, EMEA, and other global regions. Recognized for its robust integration framework, the company effectively diminishes silos between various departments, thereby facilitating streamlined decision-making processes and improved operational coordination. Its platform supports thousands of top enterprise brands, effectively positioning it within the competitive landscape as a technology solution that drives efficiency and elevated customer engagement.
Operational Excellence and Value Proposition
Sprinklr differentiates itself by offering a highly unified platform that addresses the critical need for cohesive digital communication strategies in an era where customer engagement is multifaceted. The company’s software is engineered to support various customer-facing functions, enabling internal teams—ranging from customer care and marketing to sales—to operate with improved coordination and efficiency. This holistic approach not only fosters a better customer experience but also underpins the digital transformation efforts of enterprises looking to maintain a competitive edge in a rapidly evolving technological landscape.
Industry Keywords and Relevance
Key industry terms such as enterprise software, social media management, and digital collaboration are integral to understanding Sprinklr's operational excellence. These keywords not only illustrate the core capabilities of the company but also emphasize its commitment to enhancing customer engagement and operational performance across multiple digital channels.
Strategic Operational Insights
The company generates revenue primarily through subscription-based models and licensing its integrated solutions to a diverse array of global brands. Its operational strategy is built on ensuring that every customer-facing department benefits from an integrated and data-driven approach, allowing for rapid adaptation to changing market conditions and customer expectations. By centralizing disparate operational functions under a single platform, Sprinklr offers a unique value proposition that is designed to improve internal communications and drive significant business outcomes.
Competitive Landscape
In a competitive market that includes various technology providers focusing on digital transformation and social media management, Sprinklr sets itself apart through its comprehensive and fully integrated approach. The company is recognized for its ability to unite multiple facets of customer engagement into a singular, efficient platform, making it a trusted resource for enterprise brands seeking to streamline their digital strategies.
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.
Sprinklr (NYSE: CXM) has been named a Major Player in the 2024 IDC MarketScape for Contact Center-as-a-Service Software. The report highlights Sprinklr's advanced data analytics, comprehensive AI approach, and capabilities including AI across all touchpoints, omni-channel support, deep insights, and workflow automation.
IDC recognizes Sprinklr's background in social media management and customer data analysis, noting its strong analytics capabilities and cross-channel data integration. The report suggests considering Sprinklr for organizations looking to make a bold move in contact center offerings, focusing on data-driven solutions rather than traditional functionality.
Sprinklr's Founder and Co-CEO, Ragy Thomas, emphasizes the transformative opportunity AI offers in elevating experiences for both agents and customers. The company's recognition underscores its advantage in social media management and its ability to empower companies with exceptional, unified customer service strategies.
Sprinklr (NYSE: CXM) has released a 2024 Forrester Consulting Total Economic Impact (TEI) Study, demonstrating a 327% ROI over three years for its customers using Sprinklr Social. The study highlights significant financial benefits, including $5.2 million in time savings from social content creation, $1.38 million in paid media savings through employee advocacy programs, and $1.28 million in productivity gains from reporting and analytics. Additionally, Sprinklr Social reduced customer churn, saving $728,000, and drove $516,000 in incremental profit through social commerce. Customers reported enhanced collaboration, AI-assisted conversation monitoring, and improved social selling as key benefits. Sprinklr's comprehensive social media management solution is credited for its extensive channel coverage and enterprise-grade configurability, delivering enhanced customer experiences across social platforms.
Sprinklr (NYSE: CXM) has become the first Snapchat partner to support Public Profiles for Businesses. This new feature allows brands to manage both organic and paid Snapchat content under one platform. By integrating with Sprinklr Marketing, companies can post Stories, publish Spotlight Content, and promote these with ads, thereby saving time and reducing costs. Snapchat reaches over 90% of 13- to 24-year-olds in more than 25 countries, offering a significant opportunity for brands to engage with a young, buying-powerful audience. This integration aims to help brands achieve better content management, adherence to brand guidelines, and omnichannel insights.
Sprinklr (NYSE: CXM) has been recognized as a Leader in The Forrester Wave™: Digital Customer Interaction Solutions, Q2 2024. The evaluation assessed 11 vendors based on current offering, strategy, and market presence. Sprinklr received top scores in 19 criteria, including digital interaction orchestration, agent workspace, voice, and partner ecosystem. Founder and Co-CEO Ragy Thomas emphasized the company's goal to unify digital touchpoints for a cohesive customer experience. Sprinklr's platform offers integrated data, AI, channels, and functions, addressing the needs of large brands across 30+ digital channels.
Sprinklr (NYSE: CXM) and Reddit have expanded their strategic partnership to include both Reddit's Data API and Advertising API. Sprinklr is the first official partner for Reddit's Ads API, enabling enterprise customers to integrate Reddit into their brand and marketing strategies seamlessly. This partnership allows Sprinklr customers to access real-time public conversations on Reddit, providing enhanced feedback, sentiment analysis, trends, and competitive insights. Additionally, Sprinklr users can now optimize and tailor their advertising campaigns on Reddit for better reach and engagement.
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