Jive Software (JIVE) Tops Q1 EPS by 3c

Jive Software (NASDAQ: JIVE) reported Q1 EPS of ($0.09), $0.03 better than the analyst estimate of ($0.12). Revenue for the quarter came in at $41 million versus the consensus estimate of $40.58 million.

Jive Software sees Q2 2014 EPS of ($0.1)-($0.12), versus the consensus of ($0.11). Jive Software sees Q2 2014 revenue of $41.5-42.5 million, versus the consensus of $41.9 million.

Jive Software sees FY2014 revenue of $171-176 million, versus the consensus of $172.6 million.

"Jive delivered a strong start to the year with financial results that met or exceeded the high end of our guidance range," stated Tony Zingale, Chairman & CEO of Jive Software. "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."

Zingale added, "We delivered on an important milestone with the recent announcement of our strategic relationship with Cisco that expands our existing go-to-market footprint. Cisco and its channel partners will now resell Jive solutions as a fully integrated component of the Cisco collaboration family. We believe we are executing well against our overall strategy and are increasingly well positioned to deliver accelerating growth in the second half of 2014."

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

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