Sprinklr reported second-quarter fiscal 2027 revenue of $213.7 million, up 1% from $212.0 million a year earlier, as subscription revenue rose 3% to $194.8 million from $188.5 million.
Operating income declined from the prior year. GAAP operating income fell to $10.0 million from $16.3 million, while non-GAAP operating income slipped to $31.3 million from $38.2 million. GAAP operating margin narrowed to 5% from 8%, and non-GAAP operating margin declined to 15% from 18%.
Earnings per share also eased. GAAP diluted net income per share was $0.03, down from $0.05 a year ago, while non-GAAP diluted net income per share fell to $0.11 from $0.13.
Cash generation improved in the quarter. Net cash provided by operating activities was $18.2 million, and free cash flow was $13.1 million. Sprinklr ended the period with $452.9 million in cash, cash equivalents and marketable securities.
Contracted revenue grew faster than reported sales. Remaining performance obligations rose 11% to $1.03 billion, while current remaining performance obligations increased 3% year over year.
For the third quarter, Sprinklr guided to total revenue of $215.0 million to $216.0 million and subscription revenue of $196.0 million to $197.0 million. For the full fiscal year, it now expects total revenue of $866.5 million to $868.5 million and subscription revenue of $782.5 million to $784.5 million. Today the company's shares have moved -1.71% to a price of $7.47. For the full picture, make sure to review Sprinklr's 8-K report.
