Bazaarvoice (NASDAQ: BV) reported Q1 EPS of ($0.06), $0.01 better than the analyst estimate of ($0.07). Revenue for the quarter came in at $48.9 million versus the consensus estimate of $48.7 million.

Number of Active Clients:

Beginning as of our first fiscal quarter of 2016, we define an active client as an organization from which we have a contract and the client is launched as of the last day of the quarter, and we count organizations that are closely related as one client, even if they have signed separate contractual agreements.

Due to the presentation of the PowerReviews business as discontinued operations, we have separated our active clients into two categories: 1) active clients from continuing operations and 2) active clients from discontinued operations. As a result, each category could include a common client for which we recognized recurring revenue who has organizations that have separate contractual agreements.

All periods prior to the first fiscal quarter of 2016 discussed in this press release or presented in the accompanying financial tables have been revised to conform to this definition of an active client.

Number of Network Clients:

We define a network client as an organization that does not have recurring revenue. We count organizations that are closely related as one client, even if they have signed separate contractual agreements. We believe that our network client base in combination with our active client base is an indicator of the reach of our network.

Clients: The number of active clients at the end of the first fiscal quarter of 2016 was 1,337 and the number of network clients at the end of the first fiscal quarter of 2016 was over 4,200. Annualized SaaS revenue per average active client for the first fiscal quarter of 2016 was approximately $140,000.

For earnings history and earnings-related data on Bazaarvoice (BV) click here.