davidcummings.org – As 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)
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