- NASDAQ:JIVE Software has risen to $5.10 after hours after beating Q3 estimates and guiding for Q4 revenue of $49M-$50M and EPS of -$0.04 to -$0.06 vs. a consensus of $49.2M and -$0.08.
- Billings: Short-term billings rose 6% Y/Y in Q3 to $47.9M, an improvement from Q2's 3% growth. Total billings fell 14% to $43.3M. Both short-term and total billings trailed revenue of $49.9M. Jive still expects 0%-5% 2015 short-term billings growth.
- GAAP operating expenses fell by $1M Y/Y to $40.5M. Jive ended Q3 with $119.6M in cash (down $7.1M Q/Q), and $4.2M in debt. Full-year free cash flow is expected to be in a range of -$2M to -$7M.
- Q3 results, PR