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Dow Jones Newswires: Sprinklr stock jumps more than 7% after sales, forecast beat expectations

By Denny Jacob

Sprinklr Inc. shares rose 7.8% to $12.28 in Wednesday’s after-hours trading session after the company reported higher revenue in the fiscal fourth quarter and guided for revenue above expectations.

The enterprise cloud software products company widened its loss to $36.9 million, or a loss of 14 cents per share, for the quarter ended Jan. 31, compared to a loss of $11.8 million, or a loss of 12 cents per share, in the year-ago period. Sprinklr posted an adjusted loss of 5 cents a share, below FactSet-polled analysts’ expectations of 9 cents.

Revenue rose to $135.7 million from $104.1 million.

Sprinklr guided for revenue between $140 million and $142 million and an adjusted loss per share between 6 cents and 7 cents in the fiscal first quarter. Analysts polled by FactSet expect $136 million in revenue and an adjusted loss per share of 6 cents.

For fiscal 2023, the company guided for revenue between $607 million and $615 million. Analysts polled by FactSet expect $587.7 million.

Write to Denny Jacob at denny.jacob@wsj.com

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