Revenue Jump and Reduced Net Loss for Qualtrics

Experience management firm Qualtrics has announced a 29% increase in revenue for the full year 2020, to $763.5m, with a fourth quarter increase of 24% to $213.6m. Non-GAAP Q4 net loss was $8.1m, improved from $20.3m a year earlier, while for the full year the figure was $46m ($59.3m in 2019).

The company, acquired in 2018 for $8bn by software giant SAP, recently enjoyed a successful partial IPO and its share price - despite a drop of around 1/3 since February 5th - puts its market capitalization at an industry-topping $19.3bn.

Subscription revenues for the fourth quarter were $160.4m, up a third from $120.5m one year ago, and for the full year a similar percentage rise took the figure to $575.4m.

CEO Zig Serafin (pictured) comments: 'With virtually everything moving to digital, Qualtrics' mission to help companies design and continuously improve the experiences they deliver has never been more relevant, and that is reflected in our outstanding Q4 and 2020 results. We're innovating faster than ever before to make our more than 13,500 customers successful, and we're well positioned for continued strong growth in 2021'.

The company's guidance for 2021 puts total revenues in the range $950 - $954 million, and forecasts a non-GAAP net loss per share of between $(0.16) and $(0.18) assuming 513 million weighted shares outstanding.

On the web: www.qualtrics.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.