Zendesk, Jive Software beat first quarter expectations despite losses

​While tech shares jostled a bit before the closing bell (see: continued rumors about ​a Microsoft bid for Salesforce.com), a few smaller players published first quarter financial results on Tuesday.

While tech shares jostled a bit before the closing bell (see: continued rumors about a Microsoft bid for Salesforce.com), a few smaller players published first quarter financial results on Tuesday.

Despite some (albeit expected) losses, Zendesk beat expectations, further boasting international growth as that segment accounted for 46 percent of all revenue last quarter.

The customer service platform reported a net loss of $19.2 million, or 25 cents per share (statement).

On a non-GAAP basis, the loss was 10 cents per share on top of $42.2 million in revenue, up 68 percent year-over-year.

Wall Street was bracing for a loss of 13 cents per share with $40.55 million in revenue.

Stressing that international expansion, Zendesk CEO and founder Mikkel Svane boasted growing its customer base with companies of all sizes.

"Our 'low-touch' online model exceeded our expectations, affirming the continued health of our core business," Svane wrote in prepared remarks.

For the current quarter, analysts wants a slightly smaller loss at 11 cents per share and $44.41 million in revenue. Zendesk responded with a Q2 revenue guidance range of $45 million to $47 million.

For the year, Zendesk projected revenue to fall between $192 million and $195 million.

Jive Software also reported better-than-expected results on Tuesday, coincidentally much of which tell a similar story right down to the second quarter outlook.

The collaboration software maker also reported a net loss, this one rounding out to $8.2 million, or 11 cents per share (statement).

On a non-GAAP basis, the loss was just two cents per share on top of $47.1 million in revenue, up 15 percent year-over-year.

Wall Street was expecting a loss at seven cents per share with $46.70 million in revenue.

Jive CEO and president Elisa Steele promised to shareholders that the business software company is accelerating efforts to toward growth and profitability again.

"The recent release of Jive Chime, our new real-time messaging app for teams, is an exciting example of our product vision to create simple, smart and beautiful products that make it easier for people to connect, communicate and collaborate," Steele suggested in prepared remarks.

For the current quarter, analysts also expect Jive's loss to contract to just six cents per share and $48.07 million in revenue.

Jive offered a Q2 revenue guidance range of $47 million to $48 million, expecting the loss to range between five and seven cents per share.

For the year, Jive is expecting revenue to fall between $195 million and $200 million.

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