Sprout Social (SPT) Tops Q1 EPS by 7c; Guides Q2 Below Consensus
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Sprout Social Announces First Quarter 2023 Financial Results Above Guidance Range
May 2, 2023 4:05 PM EDTCHICAGO, May 02, 2023 (GLOBE NEWSWIRE) -- Sprout Social, Inc. (Sprout Social, the Company) (Nasdaq: SPT), an industry-leading provider of cloud-based social media management software, today announced financial results for its first quarter ended March 31, 2023.
We are proud to deliver accelerating growth in key leading indicators, alongside record free cash flow, said Justyn Howard, Sprout Socials CEO and co-founder. Customers that spend >$2,000 annually with us now account for greater than 95% of our ARR and delivered 35% ARR growth in Q1, building a strong foundation for accelerating ARR growth this year. Our pricing changes are... More
