Qualtrics International Inc. Stock Price, News & Analysis

Qualtrics (NASDAQ: XM) reported strong financial results for Q2 2021, with revenue hitting $249.3 million, a 38% increase year-over-year. Subscription revenue rose to $204.5 million, an impressive 48% growth. Despite an operating loss of $(273.7) million, non-GAAP operating income was $11.5 million. The net loss stood at $(263.5) million or $(0.51 per share. For Q3, the company forecasts revenue between $257-$259 million and updates 2021 revenue guidance to $1,007-$1,011 million.

Qualtrics (Nasdaq: XM) announced that Banco Galicia, a leading Argentine financial institution, has adopted Qualtrics EmployeeXM™ to enhance employee feedback mechanisms. This strategic move aims to improve the employee experience and foster a data-driven culture. Banco Galicia, recognized as one of the best places to work in Argentina, will use EmployeeXM to measure workplace climate and identify critical touchpoints in the employee journey. Real-time feedback will allow leadership to address concerns promptly, ultimately enhancing employee loyalty and engagement.

Qualtrics (Nasdaq: XM) will reveal its second-quarter 2021 financial results following market close on July 20, 2021. A conference call with the investment community is scheduled for 3:00 p.m. Mountain Time to discuss the financial report. The call will be streamed live via the Qualtrics Investor Relations website. As a leader in Experience Management (XM), Qualtrics serves over 13,500 organizations worldwide, utilizing experience data (X-data™) to enhance customer, employee, product, and brand experiences.

Qualtrics (Nasdaq: XM) has partnered with the Society for Human Resource Management (SHRM) to standardize on the Qualtrics Experience Management platform. This collaboration aims to enhance employee engagement initiatives among SHRM's 300,000 members in 165 countries. Leveraging the Qualtrics XM Platform, SHRM will offer tools for organizations to scale employee experience programs, fostering innovation and employee connection. The partnership comes at a pivotal moment as businesses adapt to a post-pandemic workforce, emphasizing the need for data-driven employee engagement strategies.

Qualtrics (Nasdaq: XM) released a study revealing that 53% of managers and directors, and 51% of executives, plan to seek new jobs within the next year, mirroring a broader trend as nearly half of the U.S. workforce considers the same. The study highlights burnout, stress, and lack of professional growth opportunities as primary reasons for job changes. With U.S. job openings at a record 9.3 million, companies must prioritize employee insights to retain talent. The study also points to gender disparities in mentoring opportunities and emphasizes the tech sector's unique priorities.

On June 16, 2021, EY, SAP, and Qualtrics (Nasdaq: XM) announced their collaboration to aid governments and businesses in combating COVID-19. Their solutions, including contact tracing and vaccine management, have significantly improved vaccination processes, with Missouri's Vaccine Navigator registering 750,000 individuals and processing over 270,000 vaccinations. EY's Proximity Monitor is also facilitating safe event management. Recognized for excellence, EY received multiple awards for its COVID-19 response initiatives, showcasing the impact of their technology on public health and safety.

Qualtrics (Nasdaq: XM) and Genesys have partnered to enhance customer service experiences by integrating engagement and experience data. This collaboration will enable companies to gain insights from both previous customer interactions and sentiment analysis, fostering improved customer satisfaction. The partnership aims to drive customer loyalty and reduce churn by offering personalized, empathetic service across multiple channels. The integration is currently available on both the Qualtrics Marketplace and Genesys AppFoundry, with more features expected later this year.

Qualtrics (Nasdaq: XM) announced new digital experience solutions aimed at helping B2B and B2C organizations enhance their online offerings. According to the Qualtrics XM Institute, over 75% of consumers have initiated new digital activities due to the pandemic. The solutions focus on Web UX Optimization, E-Commerce Experience Optimization, and Digital Journey Optimization to improve customer interactions and drive growth. The tools leverage experience and behavioral data to understand customer needs, streamline conversion processes, and ultimately foster brand loyalty.