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.