Qualtrics reported a net loss of $292.3 million for Q1 2022, compared with a net loss of $199.9 million a year ago. But revenue was up 41% to $335.6 million against $238.6 million last year, while subscription sales shot up 50% to $280.8 million. Other stats of note from the quarter included:
A Q1 net retention rate of 128%. There are now 2060 customers spending more than $100,000 per annum, up 41% year-on-year. For CEO Zig Serafin, the numbers are validation of the need for Experience Management solutions:
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