Revenue Growth
Sprout Social reported second quarter results with revenue of $111.8 million, representing year-over-year growth of 12%.
Operating Margin Expansion
Non-GAAP operating margin expanded by almost 400 basis points, reaching 9.2% in the quarter.
Significant Customer Wins
The company landed strategic wins with global brands like Honda, Cigna, and the U.S. Department of Transportation.
Industry Recognition
Sprout Social secured 164 leader badges in G2's latest reports and earned multiple awards for its products and strategies.
Acquisition of NewsWhip
Sprout Social acquired NewsWhip for $55 million, aiming to enhance AI and media intelligence capabilities.
Expansion of High-Value Customer Cohort
The $50,000 and above ARR customer cohort grew by 18% year-over-year.