Raymond James Lists Key Takeaways From Qualtrics’ Proxy Filing

By Benzinga
Benzinga
Benzinga
April 20, 2022 Updated: April 20, 2022

Qualtrics International Inc.’s 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 percent in 2021, beating the target performance rate of 89 percent and at the high-end range of 89–91 percent.

The gross retention levels came in 180 bps better than the plan in 2021.

By Anusuya Lahiri

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