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Sprout Social ( (SPT) ) just unveiled an update.
Sprout Social, a leading provider of social media management software, reported a robust third quarter for 2024 with a 20% increase in revenue and a notable 31% growth in current remaining performance obligations. The company continues to expand its customer base, with significant growth in clients contributing over $10,000 and $50,000 in annual recurring revenue. Despite a GAAP operating loss, Sprout achieved a non-GAAP operating income of $7.5 million, showcasing improvements from the previous year. Looking forward, Sprout anticipates continued revenue growth and financial gains, driven by strategic enhancements and market expansion.
Find detailed analytics on SPT stock on TipRanks’ Stock Analysis page.
