Sprout Social Announces First Quarter 2021 Financial Results Above Guidance Range
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Sprout Social (SPT) Tops Q1 EPS by 5c, Revenues Beat; Offers 2Q & FY21 Revenues Guidance Above Consensus
May 4, 2021 5:19 PM EDTSprout Social (NASDAQ: SPT) reported Q1 EPS of ($0.05), $0.05 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $40.8 million versus the consensus estimate of $39.73 million.
First Quarter 2021 Financial Highlights
Revenue
Total revenue was $40.8 million, up 34% compared to the first quarter of 2020.Organic revenue (excluding the impact of legacy Simply Measured revenue) was up 35% compared to the first quarter of 2020.Total ARR was $172.0 million, up 38% compared to the first quarter of 2020.Organic ARR was $171.0 million, up 39% compared to the first quarter of 2020.We... More