Sprinklr, Inc. (NYSE:CXM) Q3 2023 Earnings Conference Call December 6, 2022 5:00 PM ET

Company Participants

Eric Scro - SVP, Finance

Ragy Thomas - Founder, Chairman and CEO

Manish Sarin - CFO

Conference Call Participants

Frank Surace - Barclays

Pinjalim Bora - JPMorgan

Michael Vidovic - KeyBanc

Max Osnowitz - Stifel

Elizabeth Porter - Morgan Stanley

Arjun Bhatia - William Blair

Patrick Walravens - JMP Securities

Tyler Radke - Citi

Michael Turrin - Wells Fargo Securities

Matt VanVliet - BTIG

Operator

Ladies and gentlemen, thank you for standing by and welcome to Sprinklr's Third Quarter Fiscal 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand over the conference to our first speaker today, Mr. Eric Scro, Vice President of Finance for introductory remarks. Please go ahead sir.

Eric Scro

Thank you, Diego and welcome, everyone, to Sprinklr's third quarter fiscal year 2023 results financial call. Joining us today are Ragy Thomas, Sprinklr's Founder and CEO and Manish Sarin, Chief Financial Officer.

We issued our earnings release a short time ago, filed the related Form 8-K with the SEC, and we've made them available on the Investor Relations section of our website, along with the supplementary investor presentation.

Please note that on today's call, management will refer to certain non-GAAP financial measures. While the company believes these financial measures provide useful information for investors, the presentation of this information is not intended to be considered in isolation or as a substitute for the financial information presented in accordance with GAAP. You are directed to our press release and supplementary investor presentation for a reconciliation of such measures to GAAP.

With that, let me turn it over to Ragy.

Ragy Thomas

Thank you, Eric and hello everyone. Thanks for joining us today as we share the financial results of our third quarter and FY 2023. I'll get us started with a few highlights, including what I'm hearing from customers and some of our key wins. Manish will then share details of our financial results.

Turning now to the quarter, I'm very pleased to report that Q3 was another strong quarter that exceeded guidance. Q3 total revenue grew 24% year-over-year to $157.3 million and subscription revenue grew 27% year-over-year to $139.9 million. And with our commitment to operational efficiency, we generated $6.9 million in non-GAAP operating income for the quarter, due to prudent financial management and greater operational discipline company-wide.