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Last $4.50 USD
Change Today -0.24 / -5.06%
Volume 558.7K
SREV On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 5:20 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

servicesource international (SREV) Snapshot

Open
$4.65
Previous Close
$4.74
Day High
$4.73
Day Low
$4.49
52 Week High
07/13/15 - $6.15
52 Week Low
10/10/14 - $2.81
Market Cap
387.1M
Average Volume 10 Days
447.7K
EPS TTM
$-0.69
Shares Outstanding
86.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SERVICESOURCE INTERNATIONAL (SREV)

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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 Executive Officer and Director
Total Annual Compensation: $41.7K
Consultant
Total Annual Compensation: $92.7K
Compensation as of Fiscal Year 2014.

servicesource international (SREV) Key Developments

ServiceSource International, Inc. Announces New Executive Appointments

On August 12, 2015, the board of directors of Service Source International, Inc. appointed Brian Delaney as an executive officer of the company as specified under Section 16 of the Securities Exchange Act of 1934, as amended, effective immediately. Mr. Delaney has served as the Company's Chief Operating Officer since June 2015, and in such capacity oversees the Company's global Managed Services delivery teams. Mr. Delaney previously served as Chief Operating Officer of Stream Global Services, Inc. from February 2011 to March 2014. Stream was acquired in March 2014 by Convergys Corporation, where Mr. Delaney also served as Chief Operating Officer from March 2014 until May 2014. From November 2008 to January 2011, Mr. Delaney served as Senior Vice President of Operations of DISH Network Corporation. Mr. Delaney has also served in executive positions at TeleTech Holdings, Inc. and Ticketmaster Entertainment, Inc. On August 12, 2015, the board of directors of the Company appointed Gregory Hopkins as an executive officer of the Company as specified under Section 16 of the Exchange Act, effective immediately. Mr. Hopkins has served as the Company's Chief Customer Officer since April 2015, and in such capacity oversees the Company's global go-to-market, sales and customer success strategy. Mr. Hopkins previously served as the executive vice president of global sales for Stream Global Services, Inc. from July 2011 to March 2014, and for Convergys Corporation after it acquired Stream, from March 2014 until April 2015. Prior to that, Mr. Hopkins served as Chief Executive Officer of Netlink Software Group America, Inc. from July 2010 to July 2011. Mr. Hopkins has also served in executive and management positions at TeleTech Holdings, Inc., Telwares, Inc., IBM Tealeaf Technology, Inc. and AT&T Technologies, Inc.

ServiceSource International, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter 2015

ServiceSource International, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company's net revenue was $61,613,000 against $65,997,000 a year ago. Loss from operations was $9,579,000 against $18,870,000 a year ago. Loss before income taxes was $12,318,000 against $21,066,000 a year ago. Net loss was $13,407,000 against $21,092,000 a year ago. Net loss per share, basic and diluted was $0.16 against $0.25 a year ago. Non-GAAP net revenue was $61,697,000 against $66,311,000 a year ago. Non-GAAP net loss was $1,681,000 against $7,321,000 a year ago. Non-GAAP diluted net loss per share was $0.02 against $0.09 a year ago. EBITDA was $6,279,000 against $15,577,000 a year ago. Adjusted EBITDA was $230,000 against $9,738,000 a year ago. Cash flow from operations was $5.8 million. CapEx was $2.4 million, which included $1.6 million in capitalized development. For the six months, the company's net revenue was $127,810,000 against $132,813,000 a year ago. Loss from operations was $17,770,000 against $34,901,000 a year ago. Loss before income taxes was $22,354,000 against $39,671,000 a year ago. Net loss was $23,577,000 against $39,832,000 a year ago. Net loss per share, basic and diluted was $0.28 against $0.48 a year ago. Net cash provided by operating activities was $3,314,000 against net cash used in operating activities of $92,000 a year ago. Acquisition of property and equipment was $5,114,000 against $5,577,000 a year ago. Non-GAAP net revenue was $128,004,000 against $133,573,000 a year ago. Non-GAAP net loss was $2,412,000 against $12,845,000 a year ago. Non-GAAP diluted net loss per share was $0.03 against $0.16 a year ago. EBITDA was $10,970,000 against $28,579,000 a year ago. Adjusted EBITDA was $507,000 against LBITDA of $16,159,000 a year ago. For the third quarter of 2015, The company expects consolidated revenue in the range of $57 million to $60 million on a non-GAAP basis. Consolidated non-GAAP gross margins in the range of 25% to 28% in the third quarter compared to 27.3% in the year-ago quarter. Non-GAAP operating expenses of between $24 million and $25 million. Adjusted EBITDA loss in the range of $5 million to $8 million and non-GAAP net loss in the range of $4 million to $6 million or a loss of $0.05 to $0.07 per share. The company assume a basic share count of 86.5 million shares and a normalized tax rate of 40%. Free cash flow to come in at a negative $7 million to negative $10 million.

Law Offices of Howard G. Smith Files Securities Class Action against ServiceSource International, Inc

Law Offices of Howard G. Smith announced that a class action lawsuit has been filed on behalf of investors of ServiceSource International, Inc., investors who purchased the company's shares between January 22, 2014 and May 1, 2014 inclusive (the Class Period). The complaint alleges that defendants made allegedly false and misleading statements regarding the company's business, operations, and management which caused the stock price to inflate, allowing certain insiders to sell their ServiceSource stock at artificially-inflated prices; and, in addition whether Mike Smerklo, President and CEO of ServiceSource, obtained millions of dollars in cash bonuses and other perks as a result of the alleged fraud. The complaint further alleges that ServiceSource investors have been damaged by the defendants alleged fraud as a result of a sharp decline in the company's share price.

 

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Industry Analysis

SREV

Industry Average

Valuation SREV Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.5x
Price/Book 2.6x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.3x
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