January 17, 2017 8:49 PM ET

Internet Software and Services

Company Overview of Xactly Corporation

Company Overview

Xactly Corporation provides cloud-based incentive compensation solutions for employee and sales performance management in the United States and the United Kingdom. The company offers Xactly Incent Enterprise, which helps large enterprise and mid-market companies manage the critical elements of incentive compensation; Xactly Incent Express, an incentive compensation solution for companies with fewer than 350 employees; and Xactly Objectives, a solution for sales and non-sales personnel, allowing managers and employees to collaboratively track and achieve individual and shared goals. It also provides Xactly Territories, which helps companies to manage sales team alignment by assigning individu...

300 Park Avenue

Suite 1700

San Jose, CA 95110

United States

Founded in 2005

402 Employees

Phone:

408-977-3132

Fax:

408-292-1153

Key Executives for Xactly Corporation

Founder, Chief Executive Officer and Executive Director
Age: 49
Total Annual Compensation: $342.0K
President and Chief Operating Officer
Age: 61
Total Annual Compensation: $275.0K
Chief Financial Officer, Treasurer and Assistant Secretary
Age: 56
Total Annual Compensation: $286.0K
Compensation as of Fiscal Year 2016.

Xactly Corporation Key Developments

Snaplogic Deploys Xactly’s Sales Performance Management (SPM) Platform to Support its Growing Organization

Xactly announced that SnapLogic has deployed Xactly’s sales performance management (SPM) platform to support its rapidly growing organization. With Xactly’s automated sales incentive compensation software, SnapLogic is able to improve the accuracy of its compensation payments, reduce the time spent managing processes from days to hours, and drive greater efficiencies across its entire organization. Xactly lets SnapLogic quickly and automatically calculate commission payments for dozens of sales people and gives SnapLogic the power to easily scale and support dozens more in the future. By taking what was previously a manual process and automating its commission payments, SnapLogic can: Save time – by removing the need for time-consuming spreadsheet data entry; Reduce costly business errors – by eliminating accidental overpayments; and Strengthen employee trust and satisfaction – by providing more timely and accurate payouts.

Xactly Corporation Presents at 19th Annual Needham Growth Conference, Jan-10-2017 02:50 PM

Xactly Corporation Presents at 19th Annual Needham Growth Conference, Jan-10-2017 02:50 PM. Venue: Lotte New York Palace, 455 Madison Avenue at 50th Stree, New York, NY 10022, United States.

Xactly Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended October 31, 2016; Provides Earnings Guidance for the Fourth Quarter of Fiscal 2017 and Full Year of Fiscal 2017

Xactly Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended October 31, 2016. For the quarter, the company reported total revenue of $23,945,000 compared to $19,097,000 a year ago. Operating loss was $4,042,000 compared to $5,532,000 a year ago. Loss before income taxes was $4,146,000 compared to $10,295,000 a year ago. Net loss was $4,220,000 or $0.14 per basic and diluted share compared to $10,357,000 or $0.36 per basic and diluted share a year ago. Adjusted LBITDA was $815,000 compared to $3,536,000 a year ago. Non-GAAP net loss was $1,969,000 or $0.06 per basic and diluted share compared to $5,104,000 or $0.18 per basic and diluted share a year ago. Cash flow from operations on a GAAP basis was an outflow of $1.8 million for the three months ended October 31, 2016, compared to an outflow of $1.7 million in the third quarter last year. For the nine months, the company reported total revenue of $71,163,000 compared to $55,272,000 a year ago. Operating loss was $12,287,000 compared to $14,750,000 a year ago. Loss before income taxes was $12,636,000 compared to $18,645,000 a year ago. Net loss was $12,859,000 or $0.42 per basic and diluted share compared to $18,826,000 or $1.26 per basic and diluted share a year ago. Net cash used in operating activities was $4,541,000 compared to $4,635,000 a year ago. Purchases of property and equipment were $3,901,000 compared to $3,888,000 a year ago. Adjusted LBITDA was $3,733,000 compared to $9,282,000 a year ago. Non-GAAP net loss was $7,044,000 or $0.23 per basic and diluted share compared to $15,335,000 or $1.03 per basic and diluted share a year ago. The company provided earnings guidance for the fourth quarter of fiscal 2017 and full year of fiscal 2017. For the quarter, the company expects to report revenue in the range of $23.6 to $24.4 million. GAAP net loss in the range of $6.5 to $5.7 million, or $0.21 to $0.18 per share. Non-GAAP net loss in the range of $4.0 to $3.2 million, or $0.13 to $0.10 per share. For the full year of fiscal 2017, the company expects to report, revenue in the range of $94.8 to $95.6 million. GAAP net loss in the range of $19.4 to $18.6 million, or $0.63 to $0.60 per share. Non-GAAP net loss in the range of $11.1 to $10.3 million, or $0.36 to $0.33 per share.

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