Sprout Social reports Q2 EPS 7c, consensus (2c)

Reports Q2 revenue $79.3M, consensus $78.72M. “Our strategic business transformation is becoming more pronounced and has Sprout at the beginning of our next great growth chapter,” said Justyn Howard, Sprout Social’s CEO and co-founder. “Our enterprise growth rate has further accelerated, our partnerships continue to show great progress and our multi-year investments in customer care, AI & automation each provide confidence in increasingly durable and efficient growth. Our acquisition of Tagger positions Sprout to extend our leadership into the influencer marketing market for a new growth and value creation opportunity.”