UPDATE 1-ServiceSource sees 3rd-quarter below expectations
* Sees Q3 adj loss/shr $0.02 to $0.00 vs est EPS $0.01
* Sees Q3 rev $57.5 mln-$59.5 mln vs est $60.6 mln
* Q2 adj EPS $0.02 vs est $0.01
* Q2 revenue $59.7 mln vs est $59.1 mln
July 31 (Reuters) - ServiceSource International Inc forecast third-quarter results that were below analyst estimates, sending the customer management software provider's shares down 5 percent after the bell.
The company expects to post between a loss of 2 cents per share and breakeven per share on an adjusted basis in the third quarter.
It expects revenue of $57.5 million to $59.5 million.
Analysts on average were expecting third-quarter earnings of 1 cent per share on revenue of $60.6 million, according to Thomson Reuters I/B/E/S.
ServiceSource helps technology companies -- including Adobe Systems Inc, AT&T Inc and Verizon Communications Inc -- manage renewals of service contracts, provide cloud applications, software and other services.
"The business environment is somewhat more challenging on a global basis, including Europe," Chief Financial Officer David Oppenheimer told Reuters.
The company receives 40 percent of its third-quarter revenue from its international segment.
The third quarter is a seasonally light quarter for the company in terms of the amount of renewals opportunity, the CFO said.
Second-quarter net loss widened to $36.7 million, or 50 cents per share, from $1.1 million, or 2 cents per share, a year earlier.
Excluding items, it posted a profit of 2 cents per share topping analysts' estimates by 1 cent.
Revenue for the second quarter rose 23 percent to $59.7 million, compared with analysts' expectations of $59.1 million.
Shares of the company closed at $11.28 on Tuesday on the Nasdaq.
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