Key Developments: ServiceSource International Inc (SREV.OQ)
10.64USD
1 Aug 2013
$-0.03 (-0.28%)
$10.67
$10.74
$10.81
$10.63
268,591
220,194
$11.62
$4.02
Latest Key Developments (Source: Significant Developments)
Servicesource International Inc Reiterates FY 2013 Guidance-Conference Call
Servicesource International Inc announced that it is reiterating its fiscal 2013 guidance as follows: Revenue in the range of $267 million to $270 million; Adjusted EBITDA in the range of $21 million to $23 million; and non-GAAP net income in the range of $6.5 million to $7.5 million, or $0.08 to $0.09 per diluted share (EPS). According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $268 million, net income of $6.8 million and EPS of $0.08 for fiscal 2013. Full Article
Servicesource International Inc Expands Partnership With General Electric Co's GE Healthcare
Servicesource International Inc announced that it has expanded partnership with General Electric Co's GE Healthcare to include Japan. With the new initiative, the companies work together in eleven countries in the Asia-Pacific to optimize the renewal of GE Healthcare business with existing customers and increase recurring revenues. ServiceSource will assemble a specialized sales team to help GE Healthcare achieve high-performance in renewals and warranties for their ultrasound equipment installations across Japan. GE Healthcare Japan, based in Tokyo, delivers a full scope of healthcare equipment and support across the country. The ultrasound applications create new clinical value that is brought to life through LOGIQ, Vivid and Voluson product families. Full Article
Servicesource International Inc Issues Q1 2013 Guidance; Earnings Guidance Below Analysts' Estimates; Issues FY 2013 Guidance; Earnings Guidance Above Analysts' Estimates-Conference Call
Servicesource International Inc announced that for the first quarter 2013, it expects revenue in the range of $59-$61 million, adjusted EBITDA in the range of negative $2 million to negative $4 million and non-GAAP net loss in the range of negative $2.5 million to negative $3.5 million or negative $0.03 to $0.05 per share. For fiscal 2013, it expects revenue in the range of $267-$270 million, adjusted EBITDA in the range of $21-$23 million and non-GAAP net income in the range of $6.5-$7.5 million or $0.08 to $0.09 per diluted share. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $61 million, EBITDA of $3 million for the first quarter 2013; revenue of $267 million, EBITDA of $19 million and EPS of $0.07 for fiscal 2013. Full Article
Servicesource International Inc Appoints Ashley Fieglein Johnson Chief Financial Officer
Servicesource International Inc announced the appointment of Ashley Fieglein Johnson to the role of Chief Financial Officer (CFO). Full Article
Servicesource International Inc Announces Departure Of CFO-Form 8-K
Servicesource International Inc reported in its Form 8-K that David S. Oppenheimer will be departing the Company in February 2013. The Company has begun a search for a successor Chief Financial Officer. Full Article
Servicesource International Inc Issues Q4 2012 Guidance Below Analysts' Estimates; Lowers FY 2012 Guidance
Servicesource International Inc announced that for fourth quarter of 2012, it expects revenue to be in the range of $62.0-$64.0 million, adjusted EBITDA of approximately $3.0-$4.0 million, GAAP net loss of $5.8-$6.8 million and non-GAAP net loss per share to be between breakeven a penny and two cents. For fiscal 2012, it expects revenue to be $238.0-$240.0 million, adjusted EBITDA guidance to be $15.5-$16.5 million, GAAP net loss of $47.5-$48.5 million and non-GAAP net income per diluted share of six to eight cents. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $69.6 million, EBITDA of $7.6 million and EPS of $0.04 for fourth quarter of 2012; revenue of $245.0 million, EBITDA of $17.0 million and EPS of $0.07 for fiscal 2012. Full Article
Servicesource International Inc Announces Management Change-Form 8-K
Servicesource International Inc reported in its Form 8-K that Jeffrey M. Bizzack will become Vice Chairman of the Company, effective October 5, 2012. As a result, Mr. Bizzack will leave his position as President of the Company, also effective October 5, 2012. Mr. Bizzack will remain in the Vice Chairman role until June 30, 2013 or such later date as he and the Company may agree. Full Article
Servicesource International Inc Extends Service and Support Program With Agilent Technologies Inc
Servicesource International Inc announced it has received an additional year contract with Agilent Technologies Inc. The extension was a result of ServiceSource's ability to effectively support the rapid growth in recurring revenue for Agilent's Electronic Measurement Group (EMG). Full Article
Servicesource International Inc Issues Q3 2012 Guidance Below Analysts' Estimates; Reiterates FY 2012 Guidance
Servicesource International Inc announced that for third quarter of 2012, it expects revenue to be in the range of $57.5-$59.5 million, adjusted EBITDA of approximately $0.5-$1.5 million, GAAP net loss of $7.5-$8.5 million and non-GAAP net loss per share to be between breakeven to a loss of $0.02 per share. For fiscal 2012, it expects revenue of $246-$249 million, adjusted EBITDA between $16-$18 million and non-GAAP net income per diluted share in the range of $0.05-$0.07. Reflecting the one-time, non-cash charge related to the deferred tax assets and the revised outlook on GAAP taxes for the year, the Company has revised its guidance for GAAP net loss to range from $46.5-$48.5 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue $60.6 million, EBITDA of $3.6 million and EPS of $0.01 for third quarter of 2012; revenue of $248 million, EBITDA of $17 million and EPS of $0.07 for fiscal 2012. Full Article
Servicesource International Inc And General Electric Co's GE Healthcare Renews Partnership
Servicesource International Inc announced that General Electric Co's GE Healthcare has expanded its partnership with ServiceSource in Asia-Pacific to drive renewal of recurring service contracts for both small and large scale medical equipment. GE will leverage more of the ServiceSource suite of cloud-based applications and additional sales experts across ASEAN and Australia/New Zealand working in five (5) different languages. Full Article

Earnings vs.
Estimates