Why Sprinklr (CXM) Stock Is Trading Up Today
Shares of customer experience software provider Sprinklr (NYSE:CXM) jumped 19.1% in the afternoon session after the company reported decent fourth-quarter 2024 results: Sales beat by a modest margin while EPS beat more convincingly. The key highlight for the quarter was the 18% increase in high-value customers spending over $1 million annually, which continued to help the more modest subscription revenue growth (up 3% year-over-year).