Qualtrics posts revenue, subscription rise after leaving SAP's bosom
(2021/04/22)
- Reference: 1619104510
- News link: https://www.theregister.co.uk/2021/04/22/qualtrics_finds_profit_after_leaving/
- Source link:
Former SAP biz Qualtrics has beat expectations by posting a substantial revenue and subscriptions rise amongst three bits of upbeat tech-stock news that indicate fair winds for the market, putting smug smiles on the faces of investors.
The survey-Monkey-with-knobs-on company has [1]posted total revenue of $238.6m for calendar Q1, up 36 per cent year-on-year. Subscriptions were up to 20,370 from 13,716.
Qualtrics, which was founded in 2002 with a vision for “experience management”, made an operating loss of $196.5m in the quarter, compared with a loss of £36.9m a year earlier, chalking most of that up to the cash settlement of the stock-based payment liabilities.
[2]
In July last year, [3]German software giant SAP decided to float Qualtrics , less than two years after [4]convincing the firm not to list itself .
SAP, which is [5]still a majority shareholder , saw shares in Qualtrics climb 6 per cent on extended trading, following the financial announcement.
Desktop robo-botherer UiPath also benefited from headwinds when its IPO launched yesterday. The Romania-founded software firm, which has been among a gang of companies convincing customer and investors that robotic process automation is a thing, saw its shares rise 23 per cent yesterday, valuing the company at $35.8bn.
The RPA market has intensified in the last couple of years, with [6]new market entrants , and the [7]big applications vendors showing an increasing interest in building automation directly into their platforms.
[8]
Lastly, we come to Teradata, the previously earth-bound data warehouse stalwart which has had a wobbly couple of years but seems to have found its place in the cloud.
In December 2019, the company [9]fired former CEO Oliver Ratzesberger , who was only in the job a year, after disappointing results in calendar Q3 2019, when revenue dropped 11 per cent year-on-year to $459m.
Through 2020, the company struggled to increase its topline as on-prem licences for its appliance systems fell away. Of late it has been at pains to [10]re-enforce its credentials as a subscription-based cloud data warehousing and analytics platform , although actual technology updates have been a little thin on the ground.
Yesterday, the value of the San Diego-based outfit [11]increased 29 per cent in after-hours trading following a 2.9 per cent rise in the regular session .
[12]
The reason for investor excitement? [13]Preliminary guidance for GAAP earnings per share [PDF] for the first quarter of 2021 was $0.45 to $0.47, up from the earlier guidance of $0.11 to $0.13.
Meanwhile, public cloud annual recurring revenue from the end of fiscal 2020 was approximately $16m to $18m, up from the guidance of $10m to $15m, which equates to an increase of between $1m and $8m. It is possible that that tech industry CEOs have flushed a higher value of cocaine down the toilet, but if that is the reason for a boost in company value by a third, so be it. ®
Get our [14]Tech Resources
[1] https://qualtrics.gcs-web.com/news-releases/news-release-details/qualtrics-reports-first-quarter-2021-financial-results
[2] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=2&c=2YIGdmzzfMopz4UZtB9L7GQAAAAg&t=ct%3Dns%26unitnum%3D2%26raptor%3Dcondor%26pos%3Dtop%26test%3D0
[3] https://www.theregister.com/2020/07/27/sap_to_spin_out_qualtrics/
[4] https://www.theregister.com/2018/11/12/sap_qualtrics_acquisition_user_group_2018/
[5] https://news.sap.com/2020/07/sap-announces-intent-qualtrics-ipo/
[6] https://www.theregister.com/2020/10/09/camunda_promises_to_organise_bots/
[7] https://www.theregister.com/2020/09/29/oracle_rpa_announcement/
[8] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=3&c=33YIGdmzzfMopz4UZtB9L7GQAAAAg&t=ct%3Dns%26unitnum%3D3%26raptor%3Deagle%26pos%3Dmid%26test%3D0
[9] https://www.theregister.com/2020/05/13/teradata_prospects_new_ceo/
[10] https://www.theregister.com/2021/03/17/teradata_ceo_interview/
[11] https://www.marketwatch.com/story/teradata-stock-surges-more-than-25-as-sneak-peek-shows-better-than-expected-results-11619037780
[12] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=4&c=44YIGdmzzfMopz4UZtB9L7GQAAAAg&t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0
[13] https://www.teradata.com/News/2021/TDC_Q1_2021_Preliminary.pdf
[14] https://whitepapers.theregister.com/
The survey-Monkey-with-knobs-on company has [1]posted total revenue of $238.6m for calendar Q1, up 36 per cent year-on-year. Subscriptions were up to 20,370 from 13,716.
Qualtrics, which was founded in 2002 with a vision for “experience management”, made an operating loss of $196.5m in the quarter, compared with a loss of £36.9m a year earlier, chalking most of that up to the cash settlement of the stock-based payment liabilities.
[2]
In July last year, [3]German software giant SAP decided to float Qualtrics , less than two years after [4]convincing the firm not to list itself .
SAP, which is [5]still a majority shareholder , saw shares in Qualtrics climb 6 per cent on extended trading, following the financial announcement.
Desktop robo-botherer UiPath also benefited from headwinds when its IPO launched yesterday. The Romania-founded software firm, which has been among a gang of companies convincing customer and investors that robotic process automation is a thing, saw its shares rise 23 per cent yesterday, valuing the company at $35.8bn.
The RPA market has intensified in the last couple of years, with [6]new market entrants , and the [7]big applications vendors showing an increasing interest in building automation directly into their platforms.
[8]
Lastly, we come to Teradata, the previously earth-bound data warehouse stalwart which has had a wobbly couple of years but seems to have found its place in the cloud.
In December 2019, the company [9]fired former CEO Oliver Ratzesberger , who was only in the job a year, after disappointing results in calendar Q3 2019, when revenue dropped 11 per cent year-on-year to $459m.
Through 2020, the company struggled to increase its topline as on-prem licences for its appliance systems fell away. Of late it has been at pains to [10]re-enforce its credentials as a subscription-based cloud data warehousing and analytics platform , although actual technology updates have been a little thin on the ground.
Yesterday, the value of the San Diego-based outfit [11]increased 29 per cent in after-hours trading following a 2.9 per cent rise in the regular session .
[12]
The reason for investor excitement? [13]Preliminary guidance for GAAP earnings per share [PDF] for the first quarter of 2021 was $0.45 to $0.47, up from the earlier guidance of $0.11 to $0.13.
Meanwhile, public cloud annual recurring revenue from the end of fiscal 2020 was approximately $16m to $18m, up from the guidance of $10m to $15m, which equates to an increase of between $1m and $8m. It is possible that that tech industry CEOs have flushed a higher value of cocaine down the toilet, but if that is the reason for a boost in company value by a third, so be it. ®
Get our [14]Tech Resources
[1] https://qualtrics.gcs-web.com/news-releases/news-release-details/qualtrics-reports-first-quarter-2021-financial-results
[2] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=2&c=2YIGdmzzfMopz4UZtB9L7GQAAAAg&t=ct%3Dns%26unitnum%3D2%26raptor%3Dcondor%26pos%3Dtop%26test%3D0
[3] https://www.theregister.com/2020/07/27/sap_to_spin_out_qualtrics/
[4] https://www.theregister.com/2018/11/12/sap_qualtrics_acquisition_user_group_2018/
[5] https://news.sap.com/2020/07/sap-announces-intent-qualtrics-ipo/
[6] https://www.theregister.com/2020/10/09/camunda_promises_to_organise_bots/
[7] https://www.theregister.com/2020/09/29/oracle_rpa_announcement/
[8] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=3&c=33YIGdmzzfMopz4UZtB9L7GQAAAAg&t=ct%3Dns%26unitnum%3D3%26raptor%3Deagle%26pos%3Dmid%26test%3D0
[9] https://www.theregister.com/2020/05/13/teradata_prospects_new_ceo/
[10] https://www.theregister.com/2021/03/17/teradata_ceo_interview/
[11] https://www.marketwatch.com/story/teradata-stock-surges-more-than-25-as-sneak-peek-shows-better-than-expected-results-11619037780
[12] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=4&c=44YIGdmzzfMopz4UZtB9L7GQAAAAg&t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0
[13] https://www.teradata.com/News/2021/TDC_Q1_2021_Preliminary.pdf
[14] https://whitepapers.theregister.com/