Sprinklr Shares Fall On Weak Guidance, New Co-CEO Announcement

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Sprinklr, Inc. (NYSE:CXM) shares are falling after the company reported its first-quarter financial results and appointed a new co-CEO Wednesday. Here’s a look at the key figures from the report. 

The Details: Sprinklr reported quarterly earnings of 9 cents per share which beat the analyst consensus estimate of 7 cents by 28.57% and is a 50% increase over earnings from the same period last year.

Quarterly sales came in at $195.958 million which beat the analyst consensus estimate of $194.371 million and represents a 13.03% increase over sales of $173.363 million from the same period last year. Subscription revenue for the first quarter was $177.4 million, up from $157.7 million one year ago, an increase of 12% year-over-year.

The …

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