ServiceSource Reports Second Quarter 2019 Financial Results

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Go back to ServiceSource Reports Second Quarter 2019 Financial Results

ServiceSource (SREV) Misses Q2 EPS by 4c, Revenues Miss

August 7, 2019 5:45 PM EDT

ServiceSource (NASDAQ: SREV) reported Q2 EPS of ($0.06), $0.04 worse than the analyst estimate of ($0.02). Revenue for the quarter came in at $52.33 million versus the consensus estimate of $55.25 million.

Our teams performed well this quarter in light of what we anticipated to be a challenging year-over-year revenue comparable. We drove ongoing operational discipline throughout the business, accreted cash during the quarter, and had positive Adjusted EBITDA on a year-to-date basis while pushing forward with our digital transformation strategy and investments, said Gary B. Moore, Chairman and CEO of ServiceSource. We are making adjustments for sales activity... More