TUESDAY INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Announces that Sprinklr, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - CXM

Core Viewpoint - The Sprinklr class action lawsuit alleges that the company and its executives made misleading statements regarding its performance and growth prospects, leading to significant stock price declines during the class period [3][4][5]. Company Overview - Sprinklr, Inc. provides enterprise cloud software products globally [2]. Allegations of the Lawsuit - The lawsuit claims that Sprinklr faced difficulties in scaling its Contact Center as a Service market, which contributed to a slowdown in growth for its core products [3]. - On December 6, 2023, Sprinklr reported a sequential decrease in the number of customers spending over $1 million, attributing this to macroeconomic conditions, and reduced its fiscal 2025 growth outlook from 16% to 10%, resulting in a stock price drop of over 33% [4]. - On June 5, 2024, Sprinklr further lowered its fiscal year 2025 growth projections to 7%, citing reduced customer retention and macro headwinds, which led to an additional stock price decline of over 15% [5]. Legal Process - The Private Securities Litigation Reform Act of 1995 allows investors who purchased Sprinklr securities during the class period to seek appointment as lead plaintiff in the lawsuit, representing the interests of the class [6]. Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud cases, having recovered $6.6 billion for investors in class action cases, and is recognized for securing significant monetary relief for investors [7].