SaaS at 3x Revenue – Xactly Follow-up

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davidcummings.orgAs a follow-up to last week’s post Notes from the Xactly S-1 IPO Filing, it’s useful to see how things played out for a newly public Software-as-a-Service (SaaS) company. With so much media and analysis around SaaS companies trading at large multiples (e.g. 8x or greater revenue), Xactly paints a much more realistic picture of a cloud computing company growing at a modest pace.

Here are a few notes from the outcome of the Xactly IPO (NYSE:XTLY):

Market cap: $241M

Last quarter’s revenue annualized: $71M (last quarter’s revenue times four)

Read more at davidcummings.org

 

 

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