Sprinklr, Inc. (NYSE:CXM) shares closed more than 11% higher on Friday following the company’s reported Q3 results, with revenue coming in at $127.1 million (up 32% year-over-year), beating the consensus estimate of $118 million. Subscription revenue grew 29% year-over-year to $109.9 million, compared to the consensus estimate of $105.4 million.

The good sales execution and accelerating growth seen in the Q3 results lend support to a bullish view on the company as it is believed that the company stands well-positioned to capitalize on a large and fast-growing experience management market, yet valuation is not fully reflecting the growth potential.