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
© 2022 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.