Sprinklr Reports $219.5M Q1 Revenue, Shares Drop 1.98%

By Hao Liu • Wednesday, June 03 13:04 • Permanent Link

Sprinklr reported first-quarter fiscal 2027 revenue of $219.5 million, up 7% from $205.5 million a year earlier. Subscription revenue rose 6% to $194.8 million from $184.1 million.

Operating results improved sharply on a GAAP basis: operating income was $10.6 million, compared with a loss of $1.8 million in the prior-year quarter. GAAP operating margin moved to 5% from negative 1%. On a non-GAAP basis, operating income was $31.7 million, down from $36.7 million, and operating margin fell to 14% from 18%.

Net income also turned positive on a GAAP basis, with diluted earnings of $0.02 per share versus a loss of $0.01 per share a year ago. Non-GAAP diluted earnings per share slipped to $0.11 from $0.12.

Cash generation was strong in the quarter. Net cash provided by operating activities reached $70.4 million, and free cash flow was $65.8 million. Sprinklr ended the quarter with $442.8 million in cash, cash equivalents and marketable securities.

Remaining performance obligations climbed to $1.04 billion, up 10% year over year, while current remaining performance obligations increased 5%.

For the second fiscal quarter, Sprinklr guided to total revenue of $214 million to $215 million and subscription revenue of $193.5 million to $194.5 million. Full-year fiscal 2027 guidance calls for total revenue of $866.5 million to $868.5 million and subscription revenue of $779.5 million to $781.5 million. Following these announcements, the company's shares moved -1.98%, and are now trading at a price of $5.509. Check out the company's full 8-K submission here.

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