Sprinklr Stock Drops 10% Despite Earnings Beat
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BTCCSquare news:
Sprinklr's shares fell sharply on Wednesday, dropping 10% despite reporting better-than-expected fiscal Q2 2026 results. Revenue grew 8% year-over-year to $212 million, with subscription revenue up 6% to $189 million. Adjusted net income surged 57% to $34 million ($0.13 per share), beating analyst estimates of $0.10.
The cloud computing specialist's cautious tone may have spooked investors. CEO Rory Read acknowledged ongoing transformation efforts, stating 'we still have work to do' while highlighting improving customer engagements and R&D pipeline. The decline occurred against a broader market uptick, with the bellwether index rising 0.5%.
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