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.
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