SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Sprinklr, Inc. - CXM

Core Viewpoint - A class action lawsuit has been filed against Sprinklr, Inc. for alleged securities fraud and unlawful business practices, following disappointing financial results and guidance revisions [2]. Financial Performance - On December 6, 2023, Sprinklr reported a sequential decrease in the number of customers spending over $1 million, attributing this to macroeconomic conditions, and subsequently lowered its fiscal year 2025 guidance [2]. - Following the December announcement, Sprinklr's stock price dropped by $5.59, or 33.47%, closing at $11.11 per share on December 7, 2023 [3]. - On June 5, 2024, Sprinklr reported financial results for its first fiscal quarter, providing full-year revenue guidance below expectations and second-quarter revenue guidance that did not meet consensus estimates, citing a soft demand environment and increased churn in core product suites [4]. - After the June announcement, Sprinklr's stock price fell by $1.64, or 15.13%, closing at $9.20 per share on June 6, 2024 [5]. Legal Context - Investors who purchased Sprinklr securities during the class period have until October 14, 2024, to request appointment as Lead Plaintiff in the class action [2].