- Qualtrics International Inc's XM April 15 proxy filing also disclosed new ACV and retention metrics pertinent to investors, Raymond James observed.
- Qualtrics added $365.1 million in new software ACV billings in 2021, effectively aligning with the target performance level of $365.0 million.
- Total research services billing of $160.1 million also were effectively in-line with the target performance level of $160.0 million.
- The global subscription renewal rate equaled 90.8% in 2021, beating the target performance rate of 89% and at the high-end range of 89-91%.
- The gross retention levels came in 180 bps better than the plan in 2021.
- Price Action: XM shares traded lower by 3.86% at $26.29 on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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