Shares of Sprinklr (NYSE: CXM) gained over 10% in pre-market trading on Thursday after the unified customer experience management (Unified-CXM) platform swung to a profit in Q4 with adjusted earnings of $0.06 per share versus a loss of $0.05 in the same period last year and exceeding consensus estimates of $0.02 per share.
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The company’s revenues soared 22% year-over-year to $165.3 million but fell short of analysts’ expectations of $168.9 million.
Looking forward, management now expects Q1 revenues to be between $168 million and $170 million while adjusted earnings are likely to break even or be $0.01 per share. In FY24, CXM has projected revenues between $710 million and $714 million. and adjusted earnings are anticipated to range from $0.13 to $0.15 per share.
Overall, analysts are bullish about CXM stock with a Strong Buy consensus rating based on four Buys and one Hold.
