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