8 Cloud Computing Stocks Under $10

2) Sprinklr, Inc. (NYSE:CXM)

Share Price as of November 26: $8.18

Number of Hedge Fund Holders: 24

Sprinklr, Inc. (NYSE:CXM) offers enterprise cloud software products worldwide. It operates the Unified Customer Experience Management platform, a software enabling customer-facing teams to collaborate throughout internal silos, communicate across digital channels, and leverage a complete suite of capabilities to deliver customer experiences.

Sprinklr, Inc. (NYSE:CXM)’s product portfolio, which includes unified customer experience management (Unified-CXM) solutions, places it well to capitalize on increasing demand for integrated customer engagement platforms. Sprinklr, Inc. (NYSE:CXM)’s ability to offer cloud-oriented AI-powered insights throughout various customer touchpoints should act as a key differentiator in a competitive landscape.

Despite the challenging environment, Sprinklr, Inc. (NYSE:CXM) continues to add new customers, such as UBS, Ford, T-Mobile, Grupo Bimbo, and Planet Fitness. The company has 145 customers contributing $1 million or more in subscription revenue, reflecting a rise of 21% YoY. Given its focus on targeting large enterprises, Sprinklr, Inc. (NYSE:CXM) provides premium-priced, customizable solutions that generate recurring revenue via subscription models. This strategy should continue to help it build a robust client base.

The company has been enhancing its offerings in the Contact Center-as-a-Service (CCaaS) space, a rapidly growing sector. CCaaS is a part of its unified CXM platform, that integrates contact center functionality with broader customer engagement capabilities. It continues to invest in its CCaaS delivery capabilities considering the growth opportunities in this market. Sprinklr, Inc. (NYSE:CXM) expects services gross margins to decline in Q3 2025 to approximately negative 15%. As it gains scale in CCaaS, it will focus on billing rates and utilization, improving services gross margins.