Sprinklr Inc Cl A (CXM) said after close Monday that it earned $0.06 per share in quarter one 2024. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.
On the revenue line, the company reported $173.4 million, beating estimates by $4.5 million.
In the same quarter a year ago, the company lost $0.05 per share on revenue of $145 million.
The stock is up 9.34% to $14.75 after the report.
The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.
Wall Street Analysts had an average rating of Buy on the stock prior to the report.
Trading in the five days leading up to the report earned Sprinklr Inc Cl A a Bullish Sentiment Rank from InvestorsObserver.
Prior to the report, InvestorsObserver gave the stock an overall score of 68. Meanwhile, the average Wall Street analyst rated the stock a Buy.
Sprinklr Inc is engaged in providing enterprise software that enables every customer-facing function across the front office, from Customer Care to Marketing, to collaborate across internal silos, and communicate across digital channels. Its products include Modern Marketing and Advertising, Morden Research, Modern Care, Core Platform, and Developer portal among others.
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Sprinklr Inc Cl A Up 9.34% To $14.75 After Earnings Beat
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