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Oracle has been selected by Medallia, a leader in customer experience management, as its preferred cloud infrastructure provider for the Medallia Experience Cloud. This partnership aims to enhance performance, reduce costs, and support Medallia's global expansion. Medallia's platform captures vast customer insights and leverages AI to drive actionable business outcomes. The collaboration will also involve joint marketing efforts to accelerate market reach. This decision comes as Medallia faces challenges like increasing data center costs and the need for data residency solutions.
Medallia (NYSE: MDLA) has formed a strategic partnership with New Metrics, a leading experience management provider in the Middle East. Under this agreement, New Metrics will resell Medallia's software and offer professional services. The partnership aims to enhance customer and employee experiences in the region, with Medallia solutions hosted on local servers in Saudi Arabia. This initiative aligns with Saudi Vision 2030, enabling faster service delivery to clients in both public and private sectors while enhancing compliance and access to innovative experience management technology.
Medallia, Inc. (NYSE: MDLA) has been selected by Franciscan Health as its experience management platform. This partnership aims to enhance patient care across their 14 hospitals in Indiana, Illinois, and Michigan. Franciscan Health will leverage Medallia's tools to gather real-time feedback from their 18,000 employees, focusing on patient needs and service recovery. The collaboration emphasizes a data-driven approach to improving both patient and employee experiences, enabling personalized care and better outcomes in a competitive healthcare environment.
Medallia, Inc. (NYSE: MDLA) announced a partnership with KPMG in the UK to implement Marks & Spencer's Voice of the Customer Programme. This initiative aims to consolidate global customer data for enhanced decision-making during a four-year contract. The programme will provide real-time insights across M&S's operations, helping the retailer adapt to changing customer behaviors. Medallia's platform will integrate with existing CRM systems and social media channels, aiming to strengthen customer engagement and drive transformation post-pandemic.
Medallia (NYSE: MDLA) has launched a new packaged solution aimed at enhancing the patient experience in ambulatory health systems, which are anticipated to generate $36 billion in revenue by 2023. The Ambulatory Patient Experience Suite will assist providers in managing patient volume, addressing service recovery, and empowering staff to improve health outcomes. Key features include a video communication platform, contactless SMS communications, and a real-time feedback mechanism that leverages AI for insights into patient experiences.
Medallia (NYSE: MDLA) has announced its participation in several upcoming investor conferences. Key events include the William Blair's 41st Annual Growth Stock Conference on June 3 at 3:40 PM ET, BofA Securities 2021 Global Technology Partners on June 8 at 4:45 PM ET, Stifel 2021 Virtual Cross Sector Insights Conference on June 9 at 2:00 PM ET, Baird Global Consumer, Technology & Services Conference on June 10 at 3:45 PM ET, and Berenberg Thematic Software Days Conference on June 16 at 10:00 AM ET. Webcasts and replays will be available on the Company’s investor relations website.
Medallia, Inc. (NYSE: MDLA) reported Q1 fiscal 2022 results with total revenue of $131.4 million, a 17% increase year-over-year, and subscription revenue of $106.1 million, a 19% increase. However, the company faced a net loss of $(52.4) million, or $(0.34) per share, compared to a loss of $(32.5 million) last year. Non-GAAP net loss was $(12.1) million. The company aims for a subscription revenue growth of 22% to 23% for Q2 FY2022. Medallia continues to expand its customer base and enhance product offerings, showing promise for future performance.
Medallia (NYSE: MDLA) announced that Prestige Hotels and Resorts has chosen Medallia Go as its experience management platform. This partnership aims to enhance guest satisfaction across Prestige's locations by capturing valuable feedback and insights. Officially launched at Experience 21, Medallia Go is designed for mid-size brands and will soon cater to various industries including healthcare. Medallia's Chief Product Officer emphasized the platform's ability to provide benchmarking analytics, helping brands improve customer experiences more effectively.
Medallia (NYSE: MDLA) has launched two innovative platforms: Medallia Go and Medallia Developer Platform. Medallia Go, aimed at mid-size brands, enhances customer experience with real-time feedback, machine learning, and industry benchmarking, now available for the hospitality sector. The Developer Platform allows users to create applications and integrations leveraging Medallia's Experience Cloud. These initiatives enhance Medallia's commitment to customer satisfaction and aim to empower brands to compete effectively in a crowded market.
Medallia, Inc. (NYSE: MDLA) has partnered with the Thurgood Marshall College Fund (TMCF) to enhance student and partner experiences using the Medallia Experience Cloud. This collaboration aims to gather continuous feedback and better understand the impact of TMCF programs. By leveraging Medallia's platform, TMCF expects to improve operations, academic achievement, and engagement metrics within its ecosystem. Established in 1987, TMCF represents the Black College Community and supports Historically Black Colleges and Universities.
