Raymond James Lists Key Takeaways From Qualtrics' Proxy Filing

April 18, 2022 2:25 PM | 1 min read |

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.