Qualtrics International Inc. - XM STOCK NEWS

Qualtrics (Nasdaq: XM) announced that Harry Rosen, Canada's leading luxury menswear retailer, has adopted Qualtrics CustomerXM™ and EmployeeXM™ to enhance customer and employee experiences. This strategic move is part of Harry Rosen's digital transformation, aiming to provide seamless online and in-store experiences. Qualtrics will aid in gathering customer insights for personalized services and improving employee engagement through continuous feedback. The partnership seeks to uphold Harry Rosen's legacy of excellence in service while adapting to the changing retail landscape.

Qualtrics (Nasdaq: XM) announces WorkDifferent 2021, a digital event on April 13, 2021, aimed at redefining workplace experiences. The event will feature sessions from global brands like HBO Max and Peloton, alongside discussions with industry icons including Tom Brady and Angela Duckworth. CEO Zig Serafin emphasizes the importance of feedback during uncertain times to enhance company culture and brand perception. The event is free to register at www.workdifferent.com and aims to offer actionable insights for organizations navigating the future of work.

Qualtrics (NASDAQ: XM) reported financial results for Q4 and fiscal year 2020, showcasing strong growth and recovery. Q4 revenue reached $213.6 million, a 24% increase year-over-year, with subscription revenue up 33% to $160.4 million. The company narrowed its operating loss to $11.0 million, down from $145.0 million in Q4 2019. For the full year, total revenue was $763.5 million, up 29%, with a net loss of $272.5 million. Looking forward, Qualtrics anticipates strong growth in 2021, targeting total revenues between $950 million and $954 million.

Qualtrics (Nasdaq: XM) will release its fourth quarter and fiscal year 2020 financial results on March 9, 2021, after market close. A conference call is scheduled for 5:00 p.m. ET the same day, where the company's results will be discussed. Interested parties can access the live webcast via the Qualtrics Investor Relations website. A replay will be available for at least 90 days post-event. Qualtrics specializes in experience management and supports over 13,000 organizations globally.

On February 18, 2021, Qualtrics (Nasdaq: XM) announced several governments, including the State of Missouri and the City of Sacramento, are utilizing its services to enhance resident experiences in their COVID-19 vaccine distribution efforts. With over 200 governments leveraging Qualtrics solutions, the focus is on improving public trust and engagement in vaccine uptake. A Qualtrics study reveals significant public distrust regarding vaccine management, particularly among communities of color. Qualtrics collaborates with Ernst & Young to streamline these initiatives across the U.S.

Qualtrics has launched Health Connect, an automated integration designed to link Electronic Medical Record (EMR) systems with the Qualtrics XM Platform. This initiative aims to enhance the patient experience by enabling healthcare providers to customize outreach based on patient demographics and clinical conditions. The integration facilitates seamless communication of patient feedback, helping caregivers deliver more personalized and compassionate care. Over 400 health systems have adopted Qualtrics' solutions, ensuring high security and HIPAA compliance.

Qualtrics (NASDAQ: XM) has announced the winners of the 2020 XM Breakthrough Artist Awards, recognizing innovative brands that excel in experience management. Notable winners include Blue Cross Blue Shield of North Carolina, which enhanced its customer experience, and Volkswagen Group Australia, which improved employee and customer satisfaction. Goldman Sachs was awarded for its advanced employee experience initiatives, while Zebco relaunched its brand leading to significant revenue growth. The awards highlight how organizations leverage experience management to drive business success.

Qualtrics has successfully closed its initial public offering (IPO) of 59,449,903 shares of Class A common stock at $30.00 per share. This includes the underwriters' full option to purchase an additional 7,754,335 shares. The shares are now listed on the Nasdaq under the ticker XM. Major financial institutions, including Morgan Stanley and J.P. Morgan, served as lead managers for the offering. The company aims to leverage this IPO to enhance its capacity in customer experience management.

Qualtrics (NASDAQ: XM) reaffirms its estimated preliminary financial results for Q4 2020, as disclosed in its preliminary prospectus. Key highlights include total revenue estimates between $211.5 million and $214.5 million, with subscription revenue estimated between $159 million and $161 million. The company anticipates a gross profit ranging from $158.5 million to $163.5 million, reflecting a gross margin of 75% to 76%. Qualtrics will disclose full results on March 9, 2021, following SAP's quarterly results that report Qualtrics' financial metrics under IFRS.