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Sprout Social Inc   (SPT)
Other Ticker:  
 
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology
 
Price: $61.8200 $1.38 2.283%
Day's High: $63.17 Week Perf: -3.15 %
Day's Low: $ 61.29 30 Day Perf: -3.93 %
Volume (M): 652 52 Wk High: $ 68.41
Volume (M$): $ 40,294 52 Wk Avg: $53.04
Open: $61.73 52 Wk Low: $37.00



 Market Capitalization (Millions $) 3,451
 Shares Outstanding (Millions) 56
 Employees 887
 Revenues (TTM) (Millions $) 333
 Net Income (TTM) (Millions $) -66
 Cash Flow (TTM) (Millions $) -26
 Capital Exp. (TTM) (Millions $) 2

Sprout Social Inc
Sprout Social enables businesses to capitalize on the strength and potential that the move to social communication presents. Social media touches about half of the worlds population, impacts purchasing decisions, and has altered how the world communicates. Every day, billions of people share their interests, ideas, and beliefs with their social networks, and social media is being used to interact with and about businesses, organizations, and causes on an unprecedented scale. Social media has had an influence on virtually every part of company, from marketing, sales, and public relations to customer service, commerce, product, and strategy, necessitating the development of an altogether new category of software and an entirely new system of record. We provide our customers with a consolidated, secure, and powerful platform.
Our platform is easy-to-use and can be deployed rapidly by new customers without direct engagement from our sales or services teams. In 2021, the majority of our new customer revenue resulted from our trials and other inbound sources. Our 30-day free trial model allows prospective customers to set up and use our software within minutes and without assistance.
We operate a single code-base without the need for customizations or professional services, allowing us to efficiently scale our platform and quickly react to changes in the market. Relative to our primary competitors, our platform is the top user-rated social media management software across all major categories and customer segments according to G2, reinforcing our leading market position and brand.
We have proven success in the SMB, Mid-market and Enterprise segments, a healthy agency business and have balanced revenue and growth in each. We estimate that less than 5% of the millions of businesses on social media have adopted software solutions to centrally manage their social media efforts, providing a large, nascent opportunity to drive significantly increased market adoption of our solution and continued growth across all customer segments.


   Company Address: 131 South Dearborn St. Chicago 60603 IL
   Company Phone Number: 878-3231   Stock Exchange / Ticker: NASDAQ SPT
   


Customers Net Income grew by SPT's Customers Net Profit Margin grew to

25.36 %

13.34 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
SEM   -4.46%    
SMWB        12.85% 
• View Complete Report
   



Sprout Social Inc

Sprout Social Inc Surpasses Expectations with Record Revenue Growth in Recent Fiscal Period

Sprout Social Inc, a leading provider of social media management solutions, recently announced its financial results for the most recent fiscal period. Despite a net deficit of $-0.35 per share, the company saw a significant increase in revenue, which surged by 34.579% to $93.75 million compared to the same period last year. This growth in revenue outpaced the Software & Programming sector's average growth of 8.64% during the same time frame.
In the fourth quarter of 2023, Sprout Social Inc reported a net shortfall of $-20.077 million, which was higher than the $-11.942 million shortfall from the previous year. The company also saw an increase in accounts receivable, indicating rising demand for its services. Additionally, for the fiscal year 2023, Sprout Social Inc reported a net deficit of $-66.43 million and revenue of $333.38 million, with a widening net shortfall per share from $-0.92 to $-1.19.

Product Service News

Improving Customer Care Fuels Growth for Sprout Social Amidst Changing Market Trends

Published Tue, Feb 13 2024 2:00 PM UTC

Sprout Social, a leading provider of social media management solutions, has unveiled its innovative Care Solution aimed at enhancing customer experiences and revolutionizing social customer care. This advanced platform enables brands to deliver faster, personalized, and comprehensive customer support. By leveraging this cutting-edge technology, brands can now efficiently res...

Partnership

Sprout Social Forms Deeper Alliance with Reddit, Evolving Real-Time Insights for Customers and Outpacing Competitors in Revenue Growth

Published Thu, Feb 8 2024 2:01 PM UTC

Sprout Social Expands Partnership with Reddit, Delivering Enhanced Real-Time Insights for CustomersSprout Social Inc, a leading provider of social media management software, has announced an expansion of its partnership with Reddit, the popular social media platform. This enhanced offering will provide Sprout Social's customers with deeper, real-time, and public Reddit insig...

Product Service News

Branching Out to New Heights: Sprout Social Inc.'s Growth Story Unveiled

Published Thu, Nov 30 2023 2:00 PM UTC



Sprout Social Inc., a leading provider of social media management and analytics software, has recently celebrated significant achievements. With the successful launch of their community platform, The Arboretum, and remarkable financial performance in Q3 2023, the company is on an upward trajectory. In this article, we will delve into the facts surrounding these dev...

Sprout Social Inc

Sprout Social Inc Struggles to Break Even Despite Exceptional Revenue Growth in Latest Fiscal Period

Sprout Social Inc (SPT) has shown remarkable growth and potential in its recent earnings report for the third quarter of 2023. Despite a per share shortfall of $-0.41, the company's revenue surged by an impressive 30.666% to $85.33 million compared to the same period last year. This substantial increase in revenue sets Sprout Social apart from its competitors in the Software & Programming industry, who only experienced an average business advance of 12.39% during the same period.
In the previous reporting period, Sprout Social recorded revenue of $79.08 million and a per-share shortfall of $-0.24. The fact that the company has managed to increase its revenue in the third quarter of 2023 shows a positive trend in its financial performance.






 

Sprout Social Inc's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Sprout Social Inc does not provide revenue guidance.

Earnings Outlook
Sprout Social Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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