Money & Markets Week Ahead Week of June 20, 2021: An even lighter week for quarterly earnings reports. Take a look at the upcoming Sprinklr IPO and analyze salary and benefits company Paychex Inc’s earnings. We also get data related to the pace of economic recovery.
Here are some things to watch out for over the next week on Wall Street:
Forefront of IPO
There are some Initial public offeringThis week’s calendar s (IPO).
Sprinklr Inc. will price the IPO on Thursday. Listed on the New York Stock Exchange under the ticker symbol CXM.
what is that: Sprinklr is a software start-up that provides software to help companies in marketing, advertising and customer engagement.
The software uses artificial intelligence to allow clients to screen unstructured data to create a unified view for each customer.
Microsoft Corp. (Nasdaq: MSFT) And McDonald’s (NYSE: MCD) As some of its clients. It has a total of about 1,200 customers, including 50% of Fortune 100 companies.
According to that S-1 filing Sprinklr’s software platform, along with the Securities and Exchange Commission, uses over 750 pre-built artificial intelligence models to perform 10 billion forecasts daily.
In 2020, Sprinklr generated a total of $ 339.6 million in revenue between subscriptions and professional services. This is an increase from the $ 278.5 million that occurred the previous year.
In the three months to April 30, 2021, the company reported total revenue of $ 96.7 million, compared to the $ 81.6…
