ServiceSource (SREV) Misses Q1 EPS by 2c

ServiceSource (NASDAQ: SREV) reported Q1 EPS of ($0.07), $0.02 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $67.3 million versus the consensus estimate of $68.56 million.

“Revenue this quarter came in below our expectations and we are moving aggressively to implement operational changes that will better align us with our customers,” said Mike Smerklo, Chairman & CEO of ServiceSource. “Our market opportunity and value proposition remain strong, as shown by several significant expansions in the quarter. To strengthen execution in each of our businesses, we will implement measures to better align our go-to-market engine and increase the effectiveness of our internal operations.”

For earnings history and earnings-related data on ServiceSource (SREV) click here.

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