|Day's range||11.50 - 12.12|
In a segment of an interview with Fool analyst Meilin Quinn, Justyn Howard, CEO of Sprout Social (NASDAQ: SPT) shares keys to the company's award-winning structure. Meilin Quinn: This relates to you and your company culture.
Meilin Quinn: I'd like to hear a little bit more about Sprout's use of artificial intelligence. It's been definitely a hot topic lately and I know Sprout just made an acquisition of Repustate to expand your AI capabilities. What are the benefits and the use cases of artificial intelligence for social media management?
Sprout Social (NASDAQ: SPT) was a standout on the market Wednesday, thanks to an unexpected flip into profitability and generally strong results for its latest reported quarter. Sprout Social, which specializes in aggregating and organizing the social media efforts of enterprises, unveiled its fourth-quarter and full-year 2022 results. Revenue for the quarter rose by a robust 31% year over year to $69.7 million on the back of a 31% increase in its all-important subscription revenue (which forms the vast bulk of the total).