Sprout Social, Inc - SPT STOCK NEWS

Sprout Social announced a $100,000 contribution to the United Negro College Fund (UNCF) to establish the Sprout Social Scholarship Fund, providing eight merit-based scholarships of $11,000 each for Black/African American college seniors in computer science or software engineering.

This initiative aims to alleviate financial burdens and promote workforce opportunities, with recipients also having the chance to apply for full-time roles at Sprout starting summer 2022. The partnership emphasizes Sprout's commitment to enhancing diversity in STEM fields.

Sprout Social (Nasdaq: SPT) announced it has surpassed $200 million in annual recurring revenue (ARR) and now serves over 30,000 customers globally. This milestone highlights the company's accelerated growth and market presence, with a doubling of ARR in approximately two years. CEO Justyn Howard and President Ryan Barretto emphasized the importance of customer focus and the execution of their teams. They anticipate continued progress and innovation as they engage with stakeholders during their first investor day.

Sprout Social announced a virtual event titled Untapped: Leaders Talk Opportunity on October 6, 2021, at 10 am CT. The event will feature keynote speakers Alexandra Waldman, Co-Founder of Universal Standard, and Alexis Ohanian, Founder of Seven Seven Six and former Reddit Executive Chair. They will share insights on identifying and seizing opportunities for impactful results. Justyn Howard, CEO of Sprout Social, will discuss the role of social media in future business growth. Registration is free and available online.

Sprout Social (Nasdaq: SPT) announced its first investor day on September 22, 2021, at 9 am CT. The virtual event will feature discussions on the company's vision, personnel, and products aimed at leveraging growth opportunities. Registration is available at sproutsocial.com/investor-day and the event will be webcast live. An archived replay will be accessible post-event at investors.sproutsocial.com.

Sprout Social serves over 29,000 brands globally, offering integrated social media management solutions.

Sprout Social (Nasdaq: SPT) has announced its participation in upcoming investor events. Management is scheduled to present at the Oppenheimer 24th Annual Technology, Internet & Communications Conference on August 10 at 9:45 AM CST, followed by the Canaccord Genuity 41st Annual Growth Conference on August 11 at 8:30 AM CST, and the Keybanc Capital Markets Technology Leadership Forum on August 12 at 10:10 AM CST. Live webcasts will be available on Sprout's investor relations website, with archived replays following each presentation.

Sprout Social reported strong second quarter results for 2021, with total revenue of $44.7 million, up 42% year-over-year. The company achieved its first-ever quarterly non-GAAP profit, highlighting improved unit economics. Customer count increased to 29,612, marking a 45% rise in annual recurring revenue (ARR) to $189.1 million. The outlook for Q3 anticipates revenue between $47.3 million and $47.4 million, with an updated full-year revenue forecast of $182 to $182.6 million, reflecting 37% growth.

Sprout Social (Nasdaq: SPT) announced the scheduled release of its Q2 financial results for the period ending June 30, 2021. The report will be available after market close on August 3, 2021, followed by a conference call at 4:00 PM CT (5:00 PM ET) to discuss the results. Sprout Social provides social media management solutions to over 28,000 brands globally, emphasizing the integration of social insights across business operations. Investors can access the live webcast and subsequent replay on the company’s investor relations website.

Sprout Social has announced new integrations with Shopify and Facebook Shops, enabling brands to enhance their social commerce strategies. With these new tools, businesses can tap into the growing $26 billion social commerce market, as 86% of executives report its increasing importance in revenue generation. The platform now allows seamless management of customer interactions from discovering products to completing purchases, aiming to provide a smoother shopping experience for consumers while enhancing business efficiency.