Jive Software (JIVE) Tops Q3 EPS by 5c

Jive Software (NASDAQ: JIVE) reported Q3 EPS of ($0.04), $0.05 better than the analyst estimate of ($0.09). Revenue for the quarter came in at $46.6 million versus the consensus estimate of $44.3 million.

"Jive generated solid third quarter results that exceeded the high end of our guidance range from both a revenue and profitability perspective," said Tony Zingale, Chairman & CEO of Jive Software. "In the quarter we executed well on our growth initiatives and made significant progress towards profitability. We are also seeing very positive momentum from the recent announcements we made at JiveWorld 14, including our Fall 2014 Jive and JiveX cloud releases along with our new integrations to Microsoft, Google and more."

Finally, Zingale added, "I'd like to congratulate Elisa Steele on her promotion to President of Jive. I look forward to working with her in my new role as Executive Chairman and believe her enthusiasm and passion for Jive and the enterprise collaboration market will be a tremendous benefit to the company."

Sees Q4 revenue of $46.5-$47.5 million versus the consensus of $45.5 million. Sees Q4 non-GAAP EPS of ($0.09)-($0.11) versus the consensus of ($0.13).

For earnings history and earnings-related data on Jive Software (JIVE) click here.

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