you, Thank everyone. good and Ragy afternoon,
their our tailwinds transforming business, resonating to all ability our CXM from and macro metrics. As expectations of across our quarter with edge, demonstrates how challenging our from the digital spite value our environment, unified breadth In and our of deliver across strong exceed financial another you for ability once Ragy, the strong again to with are customers results is the we heard platform offering delivered a customers. of pleased long-term board key product the
cycles revenue XX% was $XXX.X and of of $X.X For midpoint the was which total million, above $X.X of grew range. million our or the above by was driven $XXX.X XX% the subscription quarter. new guidance spend. lengthened million second renewal additional Ragy's million overperformance guidance by on of our have up quarter, year-over-year was midpoint Much This customer driven quarter in we up To the for range. on during revenue revenue exceptional this year-over-year marginally allowing the additional scrutiny seen during and renewals with earlier the rate remarks, follow an quarter sales occurring much
that metric what loaded our more enterprise expansion and we continues second happy our had dollar the in of large the This our rate and the fifth quarter However, XXX%. to with subscription mid to be quarter was than also report business for demonstrates during was clear, to was in customers. forecast, it of quarter ability extensive the upsell set our revenue-based new our booked modeled. to we net expand and to back-end except I'm that product line base installed straight cross-sell quantum
evidence that customers suite recessionary most valuable and remains value that in This the believe And office our us software platform great is position we months the company even daily our contributing last important should renewal customer have momentum also expansions Sprinklr the world's QX we preceding years, ongoing a creates in our elite a in high the front a for putting how We testament with earlier, This XX enterprise is highest renewal XX% $X rate or to X XX and seen environment. have other provide revenue million more was the the with coupled subscription workflows. installed software this mentioned over to As in companies. customers' largest in our year-over-year. strategic rate, over brands. speaks increase base to sufficient Sprinklr's in which the is now resilient
we in XX-month ARR. recognized As from customers $X trailing a basis using to count these reminder, million customer a as opposed calculate revenue on this
to margins Turning total second basis, quarter. record operations efficiencies our to us the of here at margin On Sprinklr. drive a to leading gross cloud non-GAAP a in gross for non-GAAP our continue gross a XX%, as increased XX.X% for to we margin subscription
in Our margin services at expectations. our X%, professional quarter came non-GAAP and with consistent the prior gross approximately
in In more we terms efficiently. are business expenses, to doing operating but continue committed growing we of invest our to it our
last from quarter, During million, of the representing of during year-over-year year. expenses total revenues was to which same the revenues period operating down second XX% $XXX XX% increased non-GAAP XX%
the earnings would on that expense and in calls, here is to exactly QX. growth indicated of what rate last decline we As few happened the begin
In operating fact, QX of the non-GAAP total expenses non-GAAP expenses QX. absolute level total in operating similar was in to
respectively. to from points We sales basis leverage year-over-year, and and continue basis operating points XX G&A, by and marketing XXX decreasing derive both
was 'XX impact few the of the has That calls, to early of in you million due As the to of Non-GAAP of or previously made expenses here magnitude loss non-GAAP we we Recall, the the non-GAAP years of operating and reasons. estimate last to investments loss further that from quarters. loss on $X.XX announced guidance may earnings investments year-over-year $X.X is per a share. per investment half FY increases on operating said to in unknown million was This recall, and level moderate net net prior at partly in the had $X.XX our coming result or to concluded share $X.XX operating catch-up of 'XX catch-up time. basis. COVID we range million highlight second in an that non-GAAP main loss $XX $XX important FY for the were X
midpoint to business. Firstly, beat we we $X.X demonstrating entirely and line generated the to bottom operation dropped efficient million line an at ability expense our the top of run savings the scale additional the further as
quarters, highlighting Secondly, non-GAAP the operating the trajectory across on operating discipline losses business. last continued few over our their downward focus
for long-term and the investing the CXM believe since unified and indicated our maximize value IPO, is have the way stockholders. is opportunity the in best platform market to drive we we As for the expansive
to generation half continue improvements report drive that in growth our We on level quarter closely areas cash during was driven growth. measured pace throughout of And incremental the in these returns in To pare if expectations, business. we the of in end, pleased will of at with million that investment key returns a that we a by future will Free same are those ongoing I'm to $X.X free the positive get strong terms million our We last flow back accordingly. don't we monitor of we coupled our billings in making generated year. in posted we meet the hire cash first believe year $XX.X operational the period QX flow, to free burn compared second cash flow investments.
FY the of Given 'XX. we cash duration and flow for be year a our that will on basis low full free negative seasonality estimate billings,
the for million cash getting during the remain putting highest balance to And cash historically investing 'XX earnings lowest on continue with given the We billings as indicated quieter towards we initiatives shape and And QX breakeven ended growth noted to between increase just expect quarter investments, and However, quarter points by $XXX.X here flow to revenue year-over-year. were quarter has The eye notably, including the and reminder, X our on revenue healthy us committed in been renewals. calls. with $XXX in our quarter we summer that to overall assuming stays profitability. second previous billings excellent will growth approximately our and drive a in growth a our of us growth of previously seasonality months remain as general timing as experienced million else duration XX% and sheet, XX being billing our free with Europe to place. the the a as billings for delta last QX, of than in QX outlined strategic a continue we less an same. billings all FY level which cadence the the in in growth reported an billing billing was Calculated months dynamics X the calls, percentage earnings quick with having trends, lagging hold the
revenue year-over-year. year, up from end of recognized while performance last of committed attest that durability of was million, same up XX% the was obligations, has $XXX.X our Both the RPO $XXX.X or yet which current to compared QX, the As remaining customer total RPO XX% million, represents to been business. metrics not contracts period
our of business. We evaluate that are underlying revenue best the RPO believe subscription growth and continue health the to to metrics
on of of of duration can renewals the billings contracts. revenue fluctuate Our customer invoicing, to significantly cadence and timing based the relative
'XX during remainder call this the guidance given to probably outlook. year over to we I last 'XX. comparisons repeating business tougher alluded worth our FY last demonstrated had now the is that FY growth the QX the strong and of face this and it year Moving and X of full quarters for earnings here we
year-over-year subscription additional there to are expect the million, range year-over-year revenue in that the growth and be geopolitical million at of we issues range in recognize the and spend. with also expect this, the is of to scrutiny macroeconomic at total Starting XX% XX% impacting midpoint. to $XXX we We $XXX representing million 'XX, $XXX FY $XXX Within midpoint. revenue businesses growth to be million, representing new currently QX on
We non-GAAP range from $X shares operating to and non-GAAP loss per assuming operating profit outstanding. income of to expect to $X.XX, an a operating an million $X.XX of loss XXX of weighted-average million net $X million share
For we $X.X to year. the $XXX and updated expect subscription be at beat We of million, outlook revenue the FY representing are FY subscription the subscription for in million With fiscal revenue XX% full growth in this midpoint. range guide, both flowed raising QX million 'XX entire through total for the year-over-year to $XXX for our the year 'XX, tightening and revenue full has the year. now
in FY by growth $XXX XX% has $XXX.X to revenue that million QX up or of at year-over-year million, year-over-year. beat midpoint total revenue amount is the 'XX of million total $X.X representing growth to million. midpoint the of full revenue expect This the We moved the QX of $XXX XX% the range of be Note the implies midpoint.
of through QX the balance than also has as now beat 'XX. range we the been has FY move end the more the up moved by In addition, and low tightened
discipline, loss year non-GAAP midpoint. full non-GAAP $XX shares operating our at QX profit to weighted-average for full QX we total $X.XX, million comfortable at year by additional result and is million midpoint. of $X are the loss operating net $X.XX This improving non-GAAP in to now a on in loss specifically million improvement of range This expecting year midpoint for operating allocation be Note million to XXX $X $X the the an was of million focus continued million equates the 'XX, to of outstanding. better for operating go-to-market FY at assuming but of that the are operating resources. share the beat a we the loss equating $XX efficiencies million, full per the For $XX to now
see focusing efforts. You will and are fruits recall that of on we now been beginning have across productivity the our the to company
We be $X.X be a year provision though QX to a As per on total non-GAAP the needs million added $X.X operating provided. to tax want in macro the QX. deriving net come given in estimate U.S., billings topical quick of is the purposes, with the loss $X.X tax in provision range We to full tax U.S. for modeling even it booked our material a million of FX total million share here approximately for loss our in FY business reminder for provision outside just environment, have have the to QX. does tax the address a dollars. 'XX because approximately to provision QX remaining in the here. impact financials so FX vast very majority not are I XX% our we and
it a the in placed an to We in financial like I'm of dedication remain record delivering employees midst would the that, execution the and and our macro uncertain with focused discipline building have strong And up all Operator? I a customers our confidence for across grateful the of let's market, open business. in Lastly, for track operating and on questions. us that successful thank of employees. volatility our for environment the QX
