Jive Software -5.5% AH on light revenue guidance, executive departure


Jive Software (JIVE) is guiding for Q1 revenue of $40M-$41M and EPS of -$0.11 to -$0.13 vs. a consensus of $41.2M and -$0.12. Full-year guidance is for revenue of $170M-$175M and EPS of -$0.39 to -$0.46 vs. a consensus of $176.6M and -$0.47.  Free cash flow is expected to be in a range of -$15M to -$20M,

Jive also states field operations chief James Larson (responsible for sales and other customer-facing functions) is leaving to become the CEO of a startup. Sales SVP John McCracken will run Jive's sales organization while the company tries to replace Larson.

Q4 billings totaled $58.9M, +13% Y/Y and above revenue of $39.3M. Jive's customer base rose by 21 in Q4 to 876. Opex rose 30% to $46.8M, easily outpacing revenue growth.

Shares are making new 52-week lows in AH trading. Jive has been facing tough competition in the growing enterprise social networking software space from the likes of IBM, Microsoft (Yammer), SAP, and Salesforce.

Q4 results, PR

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Comments (1)
  • bruceolds
    , contributor
    Comments (5) | Send Message
     
    Only a buyout can save them now.
    12 Feb 2014, 01:16 PM Reply Like
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