Sprinklr Q2 earnings beat estimates, boosts outlook

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Sprinklr's (CXM) second quarter results beat Wall Street estimates, thanks in part to a 23% jump in year-over-year growth in subscription revenue. CEO Ragy Thomas talks with Yahoo Finance's Brad Smith and Julie Hyman about the company's results and explains how they 'bet the company on AI.' Thomas explains that there are three trends the company is benefitting from: companies seeking to unify their tech infrastructure, it's approach to customer service, and its early embrace of AI.

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His speech comes one day after the central bank decided to hold its key interest rate steady at five per cent, as signs of a slowing economy grow. Statistics Canada reported last week the economy shrank in the second quarter, whCALGARY — Enbridge Inc. says it has signed a US$14 billion cash-and-debt deal to purchase three U.S.-based utility companies. The Calgary-based energy infrastructure giant says the three utilities, owned by Dominion Energy, Inc.

 

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Stock market today: Wall Street ends lower following two weeks of gainsNEW YORK — Stocks closed lower on Wall Street as traders return from a long holiday weekend. The S&P 500 fell 0.4% Tuesday. The index is coming off its second weekly gain. The Dow lost 0.6% and the Nasdaq slipped 0.1%. Crude oil prices rose.
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