Jive Software posts another loss but still satisfies Q1 expectations

Summary:Wall Street was expecting a loss of 12 cents per share on a revenue of $40.58 million.

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Jive Software handed in its first quarter earnings report after the bell on Tuesday.

The social business software provider reported a net loss of $17.3 million, or 25 cents per share, slightly steeper than the $16.6 million net loss during the same period last year (statement).

On a non-GAAP basis, the result was a loss of nine cents per share. Revenue rang up to $41 million, up 21 percent year-over-year.

Wall Street was expecting a loss of 12 cents per share on a revenue of $40.58 million.

While highlighting Jive's recent collaboration with Cisco to expand product integration in real-time , CEO Tony Zingale reflected on the opening quarter for 2014 in prepared remarks:

Jive delivered a strong start to the year with financial results that met or exceeded the high end of our guidance range. Customers continue to respond favorably to our more refined go-to-market strategy, which targets the highest areas of value add and ROI for social business platforms - portals, social intranets and external communities.

For the current quarter, Wall Street expects Jive will post a loss once again — albeit with a slightly smaller margin at 11 cents per share on top of a revenue of $41.93 million.

Jive followed up with a revenue guidance range of $41.5 million to $42.5 million with a loss between 10 and 12 cents per share.

For the year, Jive projects revenue will fall betwen $171.0 million to $176.0 million with a non-GAAP net loss between 38 and 45 cents per share.

Topics: Enterprise Software, Apps, Cloud, Enterprise 2.0, Social Enterprise

About

Rachel King is a staff writer for CBS Interactive based in San Francisco, covering business and enterprise technology for ZDNet, CNET and SmartPlanet. She has previously worked for The Business Insider, FastCompany.com, CNN's San Francisco bureau and the U.S. Department of State. Rachel has also written for MainStreet.com, Irish Americ... Full Bio

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