Jive Software named Elisa Steele CEO, reported a better-than-expected fourth quarter and cut its outlook for 2015.
Steele had been executive vice president and marketing and products and chief marketing officer before that. Steele has worked at Microsoft, Skype, Yahoo and NetApp.
In a statement, Steele said that Jive will aim to grow faster, simplify products and sales efforts and focus on "targeted use-case solutions." In other words, Jive is aiming to reach more customers and business decision makers with its collaboration tools.
The company reported a fourth quarter net loss of $22.3 million, or 17 cents a share, on revenue of $47.7 million, up 21 percent from a year ago. The non-GAAP net loss was 7 cents a share for the fourth quarter.
Wall Street was expecting a non-GAAP loss of 9 cents a share on revenue of $47.16 million.
For 2014, Jive reported a net loss of $56.2 million, or 79 cents a share, on revenue of $178.7 million, up 23 percent from a year ago.
Jive added that its mobile workstyle apps---Jive Daily, Jive Chime and Jive People---will start launching Feb. 18 with Jive Daily available first.
As for the outlook, Jive said the non-GAAP loss for the first quarter will be 5 cents a share to 7 cents a share on revenue of $46 million to $47 million. Wall Street was looking for a loss of 6 cents a share on revenue of $48.17 million.
For 2015, Jive said that its revenue will be between $195 million and $200 million with a non-GAAP loss of 22 cents a share to 29 cents a share. Wall Street was looking for a non-GAAP loss of 19 cents a share on revenue of $205.85 million.