ServiceSource (SREV) Tops Q3 EPS by 2c

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Go back to ServiceSource (SREV) Tops Q3 EPS by 2c

ServiceSource Reports Third Quarter 2018 Financial Results

November 7, 2018 4:05 PM EST

Total Revenue of $57.2 million

GAAP Net Loss of $6.6 million; Non-GAAP Net Income of $0.7 million

Adjusted EBITDA of $3.1 million

DENVER--(BUSINESS WIRE)-- ServiceSource (NASDAQ: SREV), a global leader in outsourced inside sales, customer success and recurring revenue growth and retention solutions, today announced financial results for the three months ended September30, 2018, following its release of preliminary results on October 18, 2018.

Our third quarter financial results and updated outlook for the year are disappointing, particularly given the recent underlying progress and momentum in the business, said... More