Qualtrics Q1 report, forecast top Wall Street expectations: The C-suite is buying in, says CEO
Summary
Qualtrics, the "experience management" company that is majority owned by SAP, this afternoon reported Q1 revenue that topped Wall Streets expectations, and a suprise profit where a loss had been expected, and an outlook for this quarter higher as well, and raised its outlook for the full year. CEO Zig Serafin, in an interview with ZDNet, remarked that "our platform has been never more relevant or impactful for the way that businesses are looking to run their organizations and make decisions based on experience." Asked who is the lead buyer in a customer shop, Serafin replied, "Id say over the last year, the number of CEO-level conversations that Im having personally, that our company is having with people in the C-Suite, is a step-function change." For the current quarter, the company sees revenue of $240 million to $242 million, and net loss in a range of negative 1 cent to negative 3 cents. For the full year, the company raised its outlook for revenue to a range of $980 million to $984 million, and net loss of negative 11 cents to negative 13 cents.
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