logo
Share SHARE
FONT-SIZE Plus   Neg

Jive Software Q4 Loss Widens

Jive Software Inc. (JIVE) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Etihad Airway's Chief Executive Officer James Hogan will leave in the second half this year. Hogan has been with the Abu Dhabi based aviation group since 2006. Chief Financial Officer James Rigney also will depart from service. Seafood lovers must now be prepared to dole out more cash than before for salmon. The price of salmon has surged globally and is now at historic highs amid acute outbreaks of sea lice. According to data from the Nasdaq Salmon Index, the price of salmon has risen by more than 15 percent in the last three months. Health-food restaurant chain Freshii Inc. has increased the price range for its initial public offering in Canada. Freshii has raised the price range for its IPO to C$10 to C$11.50 per share from the prior range of C$8.50 to C$10.0 per share, BNN reported.
comments powered by Disqus
Follow RTT