Xactly Corp (XTLY) Releases Earnings Results, Beats Expectations By $0.07 EPS

Xactly Corp (XTLY) reported quarterly earnings results on Monday, Jun-6-2016. The company said it had a profit of $-0.09 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $-0.16. The company posted revenue of $23.30 million in the period, compared to analysts expectations of $22.02 million. The company’s revenue was up 30.9% compared to the same quarter last year.

Many Wall Street Analysts have commented on Xactly Corp. Company shares were Reiterated by Dougherty & Company on May 23, 2016 to “Buy”, Firm has raised the Price Target to $ 16 from a previous price target of $14 .Needham Resumed Xactly Corp on May 18, 2016 to “Buy”, Price Target of the shares are set at $13.Lake Street Initiated Xactly Corp on May 18, 2016 to “Buy”, Price Target of the shares are set at $12.

Xactly Corp closed down -0.08 points or -0.77% at $10.37 with 2,37,219 shares getting traded on Friday. Post opening the session at $10.45, the shares hit an intraday low of $10.3 and an intraday high of $10.5 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Jun 2, 2016, Joseph C Consul (CFO, Treasurer & Asst. Sec.) sold 11,110 shares at $10.00 per share price. According to the SEC, on Apr 11, 2016, Christopher Cabrera (Chief Executive Officer) sold 25,000 shares at $7.26 per share price. On Jan 7, 2016, Carol Mills (director) sold 10,000 shares at $8.64 per share price, according to the Form-4 filing with the securities and exchange commission.

Xactly Corporation provides enterprise-class cloud-based incentive compensation solutions for employee and sales performance management. The Company focuses on the incentive compensation and employee and sales performance management market. It offers solutions to incentivize employees and align their behaviors with company goals. Its solutions allow organizations to make decisions optimize behaviors and design incentive compensation plans. It delivers its solutions through a software-as-a-service business model. Its solutions enable executives design manage and analyze incentive programs and provide visibility into employee and incentive program performance. Its solutions enable employees to monitor estimate and track their own and their team’s performance in real-time and modify their behaviors. Its solutions automate various processes such as estimating and calculating commissions and bonuses assigning sales territories forecasting accruals and modeling business outcomes.

Xactly Corp

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