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Jan. 26, 2022, 4:41 p.m. EST

Qualtrics reports first $1 billion fiscal year, driving up shares 10%

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By Jon Swartz

Shares of Qualtrics International Inc. /zigman2/quotes/224172508/composite XM -1.58% spiked 10% in extended trading Wednesday after the experience-management technology company reported fiscal fourth-quarter results. Qualtrics reported a net loss of $309.8 million, or 56 cents a share, compared with a net loss of $14.5 million, or 3 cents a share, in the year-ago quarter. The company reported an adjusted net loss of $39.4 million, or 7 cents a share. Revenue soared 48% to $316 million from $213.6 million a year ago. For the fiscal year, Qualtrics topped $1 billion for the first time. "Every company is becoming a digital company seeking a deeper connection with customers and employees," Qualtrics Chief Executive Zig Serafin told MarketWatch. Analysts surveyed by FactSet had expected a net loss of 2 cents a share on revenue of $298 million. Qualtrics' stock has plunged 31.5% this year, while the broader S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.01% has slid 9%.

/zigman2/quotes/224172508/composite
US : U.S.: Nasdaq
$ 14.95
-0.24 -1.58%
Volume: 1.50M
May 20, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$8.71 billion
Rev. per Employee
$243,899
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/zigman2/quotes/210599714/realtime
US : S&P US
3,901.36
+0.57 +0.01%
Volume: 3.00B
May 20, 2022 5:03p
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