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
Social media app Snapchat has introduced a new location service, Snap Map, that will allow users of the app to see the location of all their friends on a map. The new feature will essentially allow a user to see where his friends are hanging out and what they are up to and also share his own location with friends in real time. The U.S. has suspended all imports of fresh beef from Brazil due to recurring concerns about the safety of the products. The suspension of shipments from Brazil, the fifth largest exporter of beef to the U.S., will remain in place until the Brazilian Ministry of Agriculture takes corrective action, the U.S. Department of Agriculture or USDA said in a statement. The annual Federal stress test was cleared by 34 top banks. The result shows strong capital levels and the ability of large banks to remain capitalized even in stressed situations. The Federal Reserve noted that these banks will be able to lend to households and businesses even at severe recession and throughout the economic cycle.
comments powered by Disqus
Follow RTT