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
Sluggish sales of video games have forced GameStop to take a decision to close around 150 retail locations. Digital downloads and competition from rivals are said to be the reason for shut down. The company operates around 6600 stores worldwide and has not revealed the list of shops to be closed. According to reports GameStop is planning the closure of up to 3 percent of their shops. After coming under fire for its decision to bar two teenage girls from boarding a flight on Sunday morning, United Airlines has defended its action. The two teenage girls were prevented by a gate agent on Sunday morning from boarding a United Airlines flight from Denver to Minneapolis as they were wearing leggings that were deemed as improper attire. Treasury Secretary Steven Mnuchin's comments about the Lego Batman movie that he produced has raised questions from ethical groups whether he violated federal ethics rules that prohibit the promotion of products. Mnuchin, a former Hollywood producer, was asked several questions related to movies at an Axios event in Washington on Friday.
comments powered by Disqus
Follow RTT