everyone. good Thank afternoon, you, Ragy, and
heard FYXXXX a we year off again exceeded from As that which stellar capped you QX Ragy, strong expectations. with for was once a Sprinklr,
In quarter, new revenue, income. total gross non-GAAP fact, billings, records margin, fourth gross quarterly in total and achieved the during operating we bookings,
I me intelligence about on last initiatives coupled excited structural need have tailwinds we ago. the capabilities we But also several a Ragy quarters. of the of joined in the several artificial development uncovered these for Sprinklr's with improvements and areas leading Many and that when really executing mentioned company product been year
not effort led discussed, were During Sprinklr. attractive that FYXXXX, model, a we eliminated to a productivity make easier ROI, made to as pivoted yielding deliberate and it towards projects Ragy an sell we
throughout by operating and the to our QX the our free absolute income the efforts sequential growth revenue, ability subscription both reported demonstrated non-GAAP saw fruits of in You out cash operating in non-GAAP expenses, generate play stability as in our QX. and year flow
Sprinklr's of and culture conscious financial recently best were grow driven moving more regions, concluded this, by we hygiene corporate and good and with functions review support and develop efficient internal results the to a us our and aligned be These are forward. product resources prudence. areas, with to In across business scale line a ensure priorities to effort an help
in were approximately our As approximately back to Expenses expenses and I of restructured in will in QX X% a workforce review, guidance we related will FYXXXX. are later by action million this remarks. These included booked in here detail February. my prepared result in discuss this the global greater $X be
results. financial This also subscription range. revenue guidance grew which QX range. driven end was of million, was year-over-year above of revenue XX% Total Turning end to above the XX% $XXX.X high and $XXX.X by now our of guidance million, our up the high our year-over-year
both a meaningful to accelerate revenue the growth quarter, the to subscription and QX. the Our QX subscription revenue continues fourth In in in $X.X million, increase rate. sequential absolute terms uptick in of increases when compared and was dollars
Services revenue for at the in $XX quarter million. came
earnings margins we our third have a for business. call, about As lower this taking on business driven focus noted services on by as on quarter been the services thoughtful not margin was
which I remarks. We something manage services will in cover of will actively will margins, revenue to impact level the that professional our in continue detail absolute prepared my professional forward, our services going later
dollar revenue based in rate net subscription the Our quarter XXX%. fourth expansion was
companies. believe on with QX expansions a view our in testament as platform high customers was in Sprinklr installed this leading is to customer the software We to important with our workflows coupled enterprise rate to customer's gross base standardize and daily Our Sprinklr again how our on. is how renewal rate, renewal par a
As XX% increase the subscription in more revenue quarter, we over which of million a customers contributing of XX $X proceeding year-over-year. end had months, or is fourth XXX the the
million a ARR. basis XX-month in this reminder, we opposed $X trailing customer as As calculate to on customers revenue these using from count a recognized
customer new X,XXX we year. for with count, increase Regarding the our total XX% is fiscal a the customers, ended year which customers in
to gross us drive the Turning cloud record Sprinklr. our margin to margin our a total XX%, for continue of leading as operations, margins On XX% to for in at basis, we quarter. gross a efficiencies another non-GAAP gross a record was fourth subscription non-GAAP here
gross in FYXXXX. every We consistent total have in margin posted improvement steady non-GAAP and and quarter our subscription
XX%. We steady came improvement quarter, in continued approximately also fourth in non-GAAP professional at the our margin which reported in services, gross
XX% point and year. decrease in and a fourth are continue is We compared throughout quarter have spend in This marketing sales S&M improvement last efficiencies to marketing time and now consistent basis generate the year. revenues shown to this XX% in year-over-year. Sales the expenses X,XXX of
We also which basis realized by operating decreased from points XX leverage G&A, year-over-year.
coupled of discipline operating $XX.X profitability income a a net of over the to was revenue operating performance, for operating Non-GAAP quarter. the income $X.XX a equating quarter gross non-GAAP X% every with share. for result to department. million Turning was margin per expense across record This margins improved
X% last favorable favorably year. This quarter's – non-GAAP operating margin in margin compares the very of fourth negative to quarter the operating
the to To million, year. the million in of were the that burn free end, quarter of cash we just for renewals. flow, million Calculated Sprinklr. terms and generated our $XX.X a fourth during period us timing historically been reminder, our a last fourth in a billings year-over-year, quarter of of given record $XX the XX% same billings increase have And fourth compared largest quick the billings $XXX.X as for an for quarter
$XXX.X growth results flow, financial of and gross summary cash posted strong total margins, the the non-GAAP free we year. across key was Total and quick XX% year-over-year. a which million, a improvements to $XXX.X subscription in our material for year-over-year, year indicators. performance including billings year income, full revenue, for up versus million, operating and Calculated was year full up $XXX.X the the Turning were FYXXXX, XX% board, up million, revenue XX% prior revenue
non-GAAP non-GAAP a operating of to equating margin posted non-GAAP full operating and of say that year $X.XX $X X%. net happy to million, I’m share per income for we the of income a
in inherent operating which incremental and computes by of with approximately the operating to million operating non-GAAP revenue, an $XXX.X business improved incremental million the Our margin XX%. FY over income $XX.X in XXXX, our leverage demonstrates coupled
generation to a year flow, million flow sheet, cash million in free cash we in flow cash in million $XX.X balance free adjusted to the generation in free improvement contributed This cash burn our one cash no in million investments of and flow $XXX compared generated just year. and healthy This debt. including very XXXX. for FY $XX of terms is a $XX.X In
A SVB, at to institutions. other capitalized quick immaterial our and cash balances is side are our note Valley on Bank, exposure held large well SVB Silicon financial
we terminating. are process $XX the We facility have of that in currently SVB with million a credit
As revenue $XXX.X that of of customer performance the total been up same the recognized committed compared has from was last represents RPO, And year. contracts to FY year-over-year. period which remaining million, yet $XXX.X million, XX% cRPO up XXXX, or obligations not XX% end was
We continue growth, to represent subscription believe that revenue subscription RPO the underlying revenue, to the business. RPO best growth metrics and of the health evaluate
cadence to of significantly duration and fluctuate relative timing billings the invoicing, on renewals, the of Our contracts. can based customer of revenue
XXXX Moving outlook. full now business and and QX to FY year our guidance
strong. today, heard remains you Sprinklr trends engagement and long-term for As demand
coming and indicators across service. business, quarter are our encouraged especially we momentum by the leading have of fourth out We the the Sprinklr
that and from the We the XXXX. last and uncertain macroeconomic that our macro quarters are environment be continue broader few recognize FY likely current assumption continues to to the trends volatile, is through
For to the QX in the $XXX FY be to XXXX, year-over-year at we $XXX midpoint. representing XX% expect total growth million, range revenue of million
of be we the representing growth Within midpoint. $XXX to million revenue the $XXX XX% expect this, to at range subscription in million, year-over-year
non-GAAP expect in share, shares $X.XX to outstanding. $X income XXX range to million breakeven million million and the be non-GAAP $X assuming weighted per operating We average to share per of income of net
excluding of Recall, been in included $X approximately this above non-GAAP QX, million, million. we is restructuring income here $X charge, as spent in million to concluded the operating which the numbers. part would exercise in $X the Said of range differently, have
million, year-over-year of expect midpoint. be $XXX subscription range revenue For to the the in million to full $XXX growth representing we at year FY the XXXX, XX%
in revenue range $XXX million, the growth We XX% $XXX to midpoint. total representing be at to of million expect the year-over-year
follow FY numbers same revenue quarterly XXXX. distribution For modeling purposes, the assume the as
a for full FY year of imply QX million million revenue $XX ranges for $XX XXXX. guidance services These and
revenue second the for in half in first and million modeling purposes, $XX half. services assume For the $XX million
expect revenue we QX We marginally the in all decline full and last XXXX quarters. the few year have services been to FY both over reasons discussing for
to services towards In the more a which expect higher addition, migrate margin. carries makes we managed services,
As will breakeven in approximately depress of year. services second more of a consultants result of half margins to half the hiring the be migration, picking for first the XX% up first managed services which this will the before back FY XXXX, to in we half
implies FY it for the projecting assume full total billings FY For million. be growth billings billings growth and for year. to that QX for revenue tracks $XXX XXXX, prudent This year both would XXXX of full
this the four across be FY modeling following largely as billings of quarters, spread same the For total number arc XXXX. should purposes, the trend
stated we As customer I working migrating the revenue between billings effort, X% earlier, narrowing early had improving have historical to annual billing and have cycle begun that results to billings been on and an growth see growth billings of growth. gap the and
full operating non-GAAP FY tax purposes income be income full average million modeling weighted million in income range X% at share year added estimate of FY million we for for net of operating provision to the – year total XXXX net equating the the XXXX per be range million, For $XX a and margin outstanding. operating XXX just non-GAAP income shares to assuming needs per to $X.XX, provided. midpoint. deriving implies the $X.XX a In $XX non-GAAP share $XX to to non-GAAP XXXX, This to
tax in million a of QX. estimate We provision here $X.X
on for GAAP be solidly on time and to would which the ever. expect year be positive also flow basis, to the net a income cash a year generate full free We full positive basis first
for year our a thank to all Lastly, delivering the their for I record closing dedication, and for would Sprinklr, strong. quarter employees like
also business. execution us. the remain During volatility have financial on placed in uncertain a record continued operating across and the in building customers for confidence of discipline the macro our environment markets, that and track successful We focused I’m grateful an
that, it questions. let’s with for And up Operator? open
