Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $3.34 USD
Change Today -0.08 / -2.34%
Volume 285.7K
SREV On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 5:20 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

servicesource international (SREV) Snapshot

Open
$3.41
Previous Close
$3.42
Day High
$3.46
Day Low
$3.27
52 Week High
04/3/14 - $8.98
52 Week Low
10/10/14 - $2.81
Market Cap
283.4M
Average Volume 10 Days
337.7K
EPS TTM
$-0.92
Shares Outstanding
84.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SERVICESOURCE INTERNATIONAL (SREV)

Related News

No related news articles were found.

servicesource international (SREV) Related Businessweek News

No Related Businessweek News Found

servicesource international (SREV) Details

ServiceSource International, Inc. provides recurring revenue management, maintenance, support, and subscription for technology and technology-enabled healthcare and life sciences companies. The company operates in two segments: Managed Services, and Cloud and Business Intelligence. It offers end-to-end management and optimization of the service-contract renewals process, including data management, quoting, selling, and recurring revenue business intelligence. The company provides ServiceSource Revenue Analytics, a revenue lifecycle management platform that helps subscription-based businesses to execute processes across on-boarding and adoption, up-sell and cross-sell, and retention and renewals throughout the revenue lifecycle; and Renew OnDemand, a cloud application, which offers customers with an unified view of the data from various sources and leverages a data warehouse of transactional, analytical, and industry information. It also provides ServiceSource Customer Success, a customer success management solution that enables customer to profile various stages of the customer lifecycle; and managed services comprising service performance analysis, business case, pricing and contract structuring, recurring revenue performance, customer benchmarking and continuous improvement, and developing and delivering applications. The company sells its solutions through sales organization worldwide. ServiceSource International, Inc. was founded in 2002 and is headquartered in San Francisco, California with additional offices in Colorado, Tennessee, and Washington, as well as in the United Kingdom, Ireland, Malaysia, Singapore, and Japan.

3,017 Employees
Last Reported Date: 03/17/15
Founded in 2002

servicesource international (SREV) Top Compensated Officers

Chief Customer Officer
Total Annual Compensation: $289.6K
Compensation as of Fiscal Year 2013.

servicesource international (SREV) Key Developments

ServiceSource International, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reports Goodwill and Other Intangibles Impairment for the Fourth Quarter of 2014; Provides Earnings Guidance for the First Quarter of 2015

ServiceSource International, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net revenue of $74,654,000 against $77,182,000 for the same period in the last year. Loss from operations was $9,829,000 against $383,000 for the same period in the last year. Loss before income taxes was $13,200,000 against $3,308,000 for the same period in the last year. Net loss was $13,541,000 or $0.16 per basic and diluted share against $1,989,000 or $0.02 per basic and diluted share for the same period in the last year. Non-GAAP net revenue was $74,924,000 against $77,182,000 for the same period in the last year. Non-GAAP net income was $466,000 or $0.01 per diluted share against $3,235,000 or $0.04 per diluted share for the same period in the last year. EBITDA was negative $6,280,000 against EBITDA of $2,259,000 for the same period in the last year. Adjusted EBITDA was $4,368,000 against $8,578,000 for the same period in the last year. For the year, the company reported net revenue of $272,180,000 against $272,482,000 for the same period in the last year. Loss from operations was $83,849,000 against $17,561,000 for the same period in the last year. Loss before income taxes was $94,857,000 against $21,981,000 for the same period in the last year. Net loss was $95,159,000 or $0.15 per basic and diluted share against $22,852,000 or $0.29 per basic and diluted share for the same period in the last year. Net cash used in operating activities was $23,762,000 against net cash provided by operating activities of $15,675,000 for the same period in the last year. Acquisition of property and equipment was $9,357,000 against $5,261,000 for the same period in the last year. Non-GAAP net revenue was $273,526,000 against $272,482,000 for the same period in the last year. Non-GAAP net loss was $18,721,000 or $0.23 per diluted share against net income of $5,251,000 or $0.06 per diluted share for the same period in the last year. LBITDA was $70,630,000 against $5,909,000 for the same period in the last year. Adjusted LBITDA was $19,235,000 against adjusted EBITDA of $17,711,000 for the same period in the last year. Cash flow from operations was a negative $7.6 million. Cash capital expenditures were $1.7 million, including approximately $1 million of capitalized development costs, resulting in negative free cash flow of $8.6 million after adjusting for exchange rates. The company reported goodwill and other intangibles impairment of $4,108,000 for the fourth quarter of 2014. The company provided earnings guidance for the first quarter of 2015. For the first quarter of 2015, the company expects consolidated revenue to be in the range of $60 million to $64 million on a non-GAAP basis, reflecting a decrease of 5% to 11% from the prior year. The company expects consolidated non-GAAP gross margins to be in the range of 28% to 31% in the first quarter. The company’s forecast of non-GAAP operating expenses in the first quarter of 2015 of approximately $26 million, results to an adjusted EBITDA loss of $4 million to $7 million for the quarter and a non-GAAP net loss of $4 million to $6 million or $0.05 to $0.07 per share. This assumes a basic share count of 85 million shares and a normalized tax rate of 40%. Finally, the company currently forecasts negative free cash flow in the quarter of $2 million to $5 million, which includes approximately $0.5 million in payments related to restructurings. As a result of this, the company expects to end the quarter with cash, equivalents, investments of between $210 million and $213 million.

ServiceSource International, Inc. Presents at Morgan Stanley 2015 Technology, Media & Telecom Conference, Mar-04-2015 03:05 PM

ServiceSource International, Inc. Presents at Morgan Stanley 2015 Technology, Media & Telecom Conference, Mar-04-2015 03:05 PM. Venue: The Palace Hotel, 2 New Montgomery Street, San Francisco, CA 94105, United States. Speakers: Christopher M. Carrington, Chief Executive Officer.

Pulse Secure Selects ServiceSource to Drive Best-In-Class Renewals and Accelerate Growth

ServiceSource announced that Pulse Secure has tapped ServiceSource to manage global renewals across its entire product portfolio. Pulse Secure is a new company born from the sale of Juniper Networks Junos Pulse product line to Siris Capital, a leading private equity firm. To help fuel the companyâ s early-phase of growth, Pulse Secure will utilize the best practices, technology and expertise of ServiceSourceâ s managed services to engage customers and establish a solid foundation for its renewals business. As part of this engagement, ServiceSourceâ s managed services team will support Pulse Secureâ s direct and channel sales teams across North America, EMEA and APAC regions.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
SREV:US $3.34 USD -0.08

SREV Competitors

Market data is delayed at least 15 minutes.

Company Last Change
BroadSoft Inc $33.60 USD +0.54
Cornerstone OnDemand Inc $29.49 USD +0.44
Jive Software Inc $5.17 USD +0.14
Rainmaker Systems Inc $0.05 USD -0.001
Synchronoss Technologies Inc $46.94 USD +1.18
View Industry Companies
 

Industry Analysis

SREV

Industry Average

Valuation SREV Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.0x
Price/Book 1.7x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact SERVICESOURCE INTERNATIONAL, please visit www.servicesource.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.