Jive names Steele CEO, sets 2015 outlook

Jive Software named Elisa Steele CEO and delivered a solid fourth quarter. The outlook for 2015 and the first quarter was trimmed.

Jive Software named Elisa Steele CEO, reported a better-than-expected fourth quarter and cut its outlook for 2015.

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Jive CEO Steele

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.

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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.