NEW YORK - Sprinklr (NYSE: CXM), a prominent customer experience management platform, has announced the appointment of Amitabh Misra as its new Chief Technology Officer (CTO), effective April 1, 2024. Misra will spearhead the company's global research and development (R&D) efforts, encompassing both product and engineering teams. He will be reporting directly to Sprinklr's Founder and CEO, Ragy Thomas.
Misra is recognized for his extensive technology and leadership background, having accumulated over 25 years of experience in developing large-scale platforms. Before his new role at Sprinklr, Misra served as the Vice President of Engineering at Adobe (NASDAQ:ADBE), where he led a global R&D organization for the Adobe Experience Cloud Platform. His tenure at Adobe involved managing engineers, product leaders, and AI/ML researchers across India, Europe, and the United States.
Before his stint at Adobe, Misra founded GOFro.com and held the position of CTO and chief architect at Snapdeal.com. His academic credentials include an MBA from the University of California at Berkeley and a BTech degree from IIT Kanpur.
CEO Ragy Thomas expressed confidence in Misra's abilities, stating that his industry expertise and experience in scaling businesses make him an ideal leader for Sprinklr's next phase of growth. Thomas emphasized the critical role of the CTO in driving the company's success and delivering value to customers, partners, and employees.
Misra himself conveyed enthusiasm for joining Sprinklr, highlighting his passion for building AI-powered technology platforms that deliver significant customer value. He expressed eagerness to contribute to Sprinklr's Unified-CXM platform and to support brands in enhancing customer experiences.
This strategic appointment arrives at a pivotal moment for Sprinklr, as the company seeks to advance its Unified-CXM platform and navigate the evolving landscape of enterprise solutions.
Sprinklr, headquartered in New York City, is a leading enterprise software company that serves over 1,700 clients, including global brands like Microsoft (NASDAQ:MSFT), P&G, and Samsung (KS:005930). The company's Unified-CXM platform, powered by advanced AI, aims to deliver consistent and human experiences to customers across various modern channels.
This news is based on a press release statement from Sprinklr.
InvestingPro Insights
As Sprinklr (NYSE: CXM) welcomes Amitabh Misra as its new CTO, the company's financial health and growth prospects remain a focal point for investors. According to InvestingPro data, Sprinklr holds a market capitalization of $3.56 billion, reflecting its substantial presence in the customer experience management sector. The company has demonstrated robust revenue growth over the last twelve months as of Q3 2024, with an impressive increase of 19.53%. This growth is underpinned by a strong gross profit margin of 75.67%, signaling efficient operations and a solid business model.
Investors may also find encouragement in Sprinklr's P/E ratio, which, although high at 116.04, is paired with a PEG ratio of 0.92, indicating potential for growth relative to earnings. This aligns with InvestingPro Tips, which highlight the company's expected net income growth this year and the fact that 12 analysts have revised their earnings estimates upwards for the upcoming period, suggesting confidence in Sprinklr's financial trajectory.
In addition, Sprinklr's balance sheet reflects a positive liquidity position, with cash holdings that exceed its debt obligations, and liquid assets that surpass short-term liabilities. This financial stability is critical as the company invests in its R&D under Misra's leadership. Notably, Sprinklr does not pay a dividend, which may appeal to investors looking for companies that reinvest earnings back into growth initiatives.
For those interested in a deeper dive into Sprinklr's financials and strategic direction, InvestingPro offers a range of additional insights. There are 10 more InvestingPro Tips available, which can be accessed through the dedicated InvestingPro platform. To enhance your investment research, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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