Jive Software Inc. (JIVE: Quote) Tuesday reported fourth-quarter net loss of $15.6 million or $0.24 per share compared to $12.7 million or $0.39 per share last year.
Adjusted loss for the fourth quarter was $9.1 million or $0.14 per share, compared to $9.1 million or $0.28 per share in the same period last year. Analysts estimated loss of $0.15 per share for the quarter. Analysts' estimates typically exclude one-time items.
Total revenue for the fourth quarter grew 44 percent to $32.5 million. Analysts estimated revenues of $31.15 million for the quarter.
Within total revenue, product revenue increased 49 percent and professional services revenue improved of 17 percent on a year-over-year basis.
Looking forward to the first quarter, the company expects adjusted loss of $0.15 to $0.17 per share and revenues of $33.5 million to $34.5 million. Analysts currently estimate loss of $0.08 per share on revenues of $33.97 million for the quarter.
For the full year 2013, Jive expects adjusted loss of $0.53 to $0.60 per share and revenues of $148.0 million to $153.0 million. Analysts currently estimate loss of $0.27 per share on revenues of $151.27 million for the year.
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by RTT Staff Writer
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