ServiceSource (SREV) Tops Q2 EPS by 1c

ServiceSource (NASDAQ: SREV) reported Q2 EPS of $0.01, $0.01 better than the analyst estimate of $0.00. Revenue for the quarter came in at $46.3 million versus the consensus estimate of $45.79 million.

“In the second quarter, our alignment to areas of industry growth and strengthening client demand contributed to acceleration throughout our business and a return to sequential revenue growth,” said Gary B. Moore, ServiceSource’s chairman and chief executive officer. “Companies are recognizing and embracing the importance of generating organizational value and positive outcomes across the entire customer journey experience. Our expertise supporting the priorities of recurring revenue business models, combined with our ability to become a seamless extension of our clients’ go-to-market teams, positions us at the forefront of an attractive long-term market shift. We are pleased with our results in the quarter and expect our trajectory to continue to improve through the remainder of the year.”

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

You May Also Be Interested In

• SpaceX: New Street Research sees 22% upside from proposed IPO price
• Morgan Stanley Downgrades Sawai Group Holdings Co., Ltd (4887:JP) (SWPIF) to Equalweight
• Adobe Systems (ADBE) Tops Q2 EPS by 14c, Offers Guidance