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Jive Stock Chart 2014-05-07

Jive reports 1Q14 results – improves figures and growth forecast for 2014



Jive Software reported improved financial results Tuesday afternoon and raised its growth forecast for the rest of the year.

Some highlights:

  • First-quarter revenue totalled $41.0 million, up 21 percent from the same time last year and slightly above Jive’s forecast.
  • Jive’s net loss totalled $17.3 million, 25 cents a share. That compares to a loss of $15.6 million, 24 cents a share, a year earlier.
  • The company forecast second-quarter revenue between $41.5 million and $42.5 million, implying annual growth of about 19 percent.
  • Jive raised the range of its full-year sales forecast by $1 million, targeting sales between $171 million and $176 million.

More >

The share price had fallen in advance of the results announcement, but has since regained much of the losses, currently trading at $7.95.

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