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Stock impact report

Sprinklr raises FY26 revenue outlook to $854M while expanding Project Bear Hug [Seeking Alpha]

Sprinklr, Inc. Class A (CXM) 
Company Research Source: Seeking Alpha
CEO Rory Read reported third quarter total revenue of $219.1 million, representing 9% year-over-year growth, and subscription revenue of $190.3 million, up 5% year-over-year. He announced, "We generated $33.5 million in non-GAAP operating income, which resulted in a 15% non-GAAP operating margin Quick Insights Management reported stronger renewal predictability and a good quarter, but emphasized the need for several consecutive solid quarters to confirm sustainability. Analysts remain cautious, probing for evidence of sustained performance. Project Bear Hug deepened engagement with top customers, improved C-suite relationships, and helped retain troubled accounts. Initial results include contract renewals and stronger account alignment, though management notes the process is ongoing. Sprinklr's CEO stated senior leadership changes are 'pretty much' complete with a new CFO and Chief Product Officer hired, resulting in a balanced mix of new and experienced executives and greate Show less Read more
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