Sprinklr IncCXM
▲ PositiveCapitalrelevance
Q2 revenue up 1%, NAR growth over 50%, raised subscription guidance, and completed $125M buyback.
Impact on stocks 1
Artificial Intelligence
Sprinklr IncSprinklr reported second-quarter fiscal 2027 revenue of $213.7 million, up 1% year-over-year, with subscription revenue growing 3% to $194.8 million, while net annual recurring revenue (NAR) grew more than 50% year-over-year. The company posted non-GAAP operating income of $31.3 million, a 15% margin, and non-GAAP net income of $0.11 per diluted share. CEO Rory Read noted that professional services revenue was lower than expected due to softness in managed services and execution challenges, leading him to take interim leadership of the services organization. Sprinklr raised its full-year subscription revenue guidance to $782.5 million to $784.5 million, representing 4% growth at the midpoint, while reaffirming total revenue guidance of $866.5 million to $868.5 million. The company also highlighted a 5-year strategic agreement valued at well over $20 million with a major sports betting and gaming company, and the completion of its $125 million accelerated share repurchase.
Sprinklr IncQ2 revenue up 1%, NAR growth over 50%, raised subscription guidance, and completed $125M buyback.