Sprinklr Q2 revenue inches up, slightly misses estimates
CXM•Q2 results and drivers
- Customer experience software firm's Q2 revenue grew 1% yr/yr, slightly missing analyst expectations.
- Adjusted EPS for Q2 beat analyst expectations.
- Company cites AI innovation and enterprise adoption as drivers for performance.
| Metric | Beat/Miss | Actual | Consensus Estimate |
| Q2 Revenue | Slight Miss* | $213.74 mln | $214.41 mln (8 Analysts) |
| Q2 Adjusted EPS | Beat | $0.11 | $0.10 (9 Analysts) |
| Q2 EPS | $0.03 | ||
| Q2 Net Income | $7.12 mln | ||
| Q2 Gross Profit | $139.19 mln | ||
| Q2 Operating Expenses | $129.23 mln | ||
| Q2 Operating Income | $9.96 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst coverage and valuation
- The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell".
- The average consensus recommendation for the software peer group is "buy."
- Wall Street's median 12-month price target for Sprinklr, Inc. is $6.75, about 11.2% below its September 1 closing price of $7.60.
- The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 11 three months ago.
