Qualtrics International soars on upbeat annual outlook

Qualtrics International

26/01/2023 11:54

** Shares of business software company Qualtrics
International Inc  XM.O  rise 32.9% to $14.9 premarket
    ** Stock on track to open at a more than five-month high, if
gains hold
    ** XM sees FY23 EPS at 20-24 cents, above analysts'
expectations of 10 cents/shr - Refinitiv
    ** Forecasts revenue of $392-394 mln for Q1 2023 vs Street's
estimates of $391 mln
    ** Piper Sandler raises PT to $16 from $14, citing positive
outlook commentary
    ** XM Q4 total revenue beats estimates, with subscription
revenue up 26% from a year earlier
    ** Separately, German software co SAP  SAP.DE  says it is
exploring the sale of its remaining stake in XM
    ** XM stock fell 70% in 2022
 (Reporting by Shashwat Chauhan in Bengaluru)
 ((Shashwat.Chauhan@thomsonreuters.com;))