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.