Sprinklr, Inc. (NYSE:CXM) Q4 2022 Earnings Conference Call April 6, 2022 5:00 PM ET

Company Participants

Eric Scro - Senior Vice President, Finance

Ragy Thomas - Founder and CEO

Manish Sarin - Chief Financial Officer

Conference Call Participants

Mark Murphy - JP Morgan

Elizabeth Porter - Morgan Stanley

Michael Turits - KeyBanc

Arjun Bhatia - William Blair

Tyler Radke - Citi

Parker Lane - Stifel

Michael Rawson - Wells Fargo

Operator

Ladies and gentlemen, thank you for standing by. And welcome to Sprinklr’s Fourth Quarter and Full Year Fiscal 2022 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. Please limit your questions to one so we will have time to go through all the questions. Please be advise that today’s conference is being recorded.

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

Eric Scro

Thank you, Diego. And welcome everyone to Sprinklr’s fourth quarter and full year 2022 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, filing the associated 8-K with the SEC and we have made that available on the Investor Relations section of our website, along with the supplementary investor presentation.

With the call, let me please turn it over to Ragy.

Ragy Thomas

Thanks, Eric, and hello, everyone. It is wonderful to speak with you all again. Before I get into the numbers, I want to start by welcoming Manish, our new CFO to Sprinklr. I couldn’t be more excited to have him and frankly his track record of scaling high growth tech companies as we continue to position Sprinklr for the next chapter of scale, growth, and efficiency. I know he’s looking forward to getting to know all of you.

Manish will take you through detailed financial results in a few minutes, but I wanted to start with some of the highlights. First and foremost, I am pleased to report another strong quarter that exceeded guidance on all metrics. That includes Q4 total revenue, which grew 30% year-over-year to $135.7 million; and subscription revenue, which climbed to $117.7 million, which is an increase of 31% year-over-year.

Coming off significant reacceleration that we drove over the past four quarters, this is now our second straight quarter delivering more than 30% in revenue growth. With the strength of that execution, we finished FY 2022 with $492.4 million in total revenue, which is an increase of 27% year-over-year and that was primarily driven by $427.7 million in subscription revenue, which is up 26% year-over-year.