For the year ended January 31, Xactly reported a loss of $18.5 million. That's up from red ink of $14.5 million for fiscal 2014 and a loss of $9.4 million for fiscal 2013. Its revenue for the most recently ended year was $61.1 million, up from $47.2 million the prior year and $36.3 million the year before that. Subscription revenue is the biggest source of income. That hit $47.3 million in fiscal 2015, 77.4 percent of the total. The remainder comes from professional services. The company has selected J.P. Morgan Securities and Deutsche Bank Securities as lead joint book-running managers for the offering with UBS Securities also acting as a book-running manager. Needham & Company and Oppenheimer & Co. will act as co-managers.