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.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• SVB & T Corporation (SVBT) Tops Q2 EPS by 275c
• Vivos Therapeutics posts 35% revenue gain but widens net loss