Sprinklr Achieves Record-Breaking Q1 Growth with 7% Revenue Surge
Marketing technology company Sprinklr has reported an impressive 7% year-over-year growth in total revenue for its first fiscal quarter of 2027, reaching a staggering $219.5 million. This significant increase marks another milestone in the company's journey towards building a stronger and more customer-centric business.
Sprinklr's President and CEO, Rory Read, expressed gratitude to their global teams, customers, and partners for their trust and ongoing support during the call. He highlighted that the actions taken since his arrival at Sprinklr are beginning to translate into meaningful and tangible momentum, solidifying the company's confidence in its trajectory towards driving durable long-term value creation.
The company has entered the second phase of its transformation, dubbed "transition and execution," which will continue through fiscal year 2027. This phase is focused on embedding changes made last year to build a stronger foundation for scale, efficiency, and durable growth. As Sprinklr successfully completes this transition, it expects to move into the third phase, acceleration, as it heads into fiscal year 2028.
Despite some pressure in the Middle East during the quarter, overall demand remains healthy, with more customers committing to larger, multi-year agreements reflecting growing confidence in the platform and long-term partnership. A significant example of this was the largest software deal in Sprinklr's history, a multi-year platform agreement signed with a leading global consumer electronics company.
This win underscores Sprinklr's ability to deliver differentiated value at enterprise scale, reflecting strong execution by their team. The milestone also pushes Total RPO past $1 billion, reinforcing the company's position in a large and expanding market.
Rory Read emphasized that while transformations of this scale take time, the company remains on track with the milestones outlined and is confident in its direction. As Sprinklr continues to build momentum, it is increasingly focused on driving durable long-term value creation, solidifying its position as a leader in the marketing technology space.
The report also highlights that underlying trends are moving in the right direction, driven by initiatives such as Project Bear Hug with larger customers and re-acceleration of innovation. Additionally, paying down years of technical debt has improved visibility, leading to the company's best renewal rates since fiscal year 2024, reflecting sharper go-to-market execution and stronger customer engagement.
