Key Developments: ServiceSource International Inc (SREV.OQ)

SREV.OQ on NASDAQ Stock Exchange Global Select Market

6.94USD
17 Apr 2014
Price Change (% chg)

$0.19 (+2.81%)
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Latest Key Developments (Source: Significant Developments)

Servicesource International Inc gives Q1 2014 guidance below analysts' estimates; gives FY 2014 guidance; earnings guidance below analysts' estimates - Conference Call
Thursday, 6 Feb 2014 04:30pm EST 

Servicesource International Inc:Expects Q1 2014 total revenue of $67 million to $70 million.Expects Q1 2014 adjusted EBITDA in the range of negative $3 million to negative $6 million.Expects Q1 2014 non-GAAP net loss of negative $0.04 to negative $0.06 per share.Expects FY 2014 revenue guidance of $308 million to $360 million.Expects FY 2014 adjusted EBITDA of between negative $4 million and positive $4 million.Expects FY 2014 non-GAAP net loss in the range of negative $0.04 to negative $0.09 per share.Q1 2014 revenue of $71 million, EBITDA of $3 million and EPS of $(0.03) - Thomson Reuters I/B/E/S.FY 2014 revenue of $311 million, EBITDA of $23 million and EPS of $0.04 - Thomson Reuters I/B/E/S.  Full Article

Servicesource International Inc acquires Scout Analytics
Wednesday, 22 Jan 2014 04:05pm EST 

Servicesource International Inc:Says it has acquired Scout Analytics, a provider of predictive analytics for subscription businesses.Says the transaction closed on Jan.22, 2014 and is expected to be accretive to non-GAAP EPS in 2015.  Full Article

Servicesource International Inc issues Q4 2013 EPS guidance below analysts' estimates; raises FY 2013 guidance-conference call
Tuesday, 5 Nov 2013 09:30pm EST 

Servicesource International Inc:Expects Q4 2013 revenue in a range of $75.5 mln to $79.5 mln.Expects Q4 2013 adjusted EBITDA to be between $7 mln to $10 mln.Expects Q4 2013 non-GAAP net income in a range from $2.5 mln to $4.5 mln or $0.03-$0.05 per share.Raises FY 2013 revenue guidance from the prior range of $270-$274 mln to a range of $271-$275 mln.Raises FY 2013 adjusted EBITDA from $15-$18 mln to $16-$19 mln.Raises FY 2013 non-GAAP net income to $4.5-$6.5 mln or $0.06-$0.08 per diluted share, up from prior guidance of $0.05-$0.07 per share.Q4 2013 revenue of $77.5 mln, EBITDA of $9.6 mln and EPS of $0.06 - Thomson Reuters I/B/E/S Estimate.FY 2013 revenue of $273 mln, EBITDA of $15.5 mln and EPS of $0.06 - Thomson Reuters I/B/E/S Estimate.  Full Article

Servicesource International Inc Announces Pricing Of $130 Million Offering Of 1.50% Convertible Senior Notes Due 2018
Thursday, 8 Aug 2013 08:00am EDT 

ServiceSource International Inc announced the pricing of $130 million aggregate principal amount of convertible senior notes due 2018 in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The size of the offering was increased from the previously announced $120 million aggregate principal amount. ServiceSource also granted the initial purchasers of the notes a 30-day option to purchase up to an additional $20 million aggregate principal amount of the notes to cover over-allotments, if any. The sale of the notes to the initial purchasers is expected to settle on August 13, 2013, subject to customary closing conditions. ServiceSource expects to use a portion of the net proceeds of the offering of the notes for the cost of the convertible note hedge transactions after such cost is offset by the proceeds of the warrant transactions described above, and to use the remaining proceeds of the offering for general corporate purposes, including working capital, capital expenditures, potential acquisitions and strategic transactions.  Full Article

Servicesource International Inc Announces Proposed $120 Million Offering of Convertible Senior Notes Due 2018
Tuesday, 6 Aug 2013 04:01pm EDT 

Servicesource International Inc announced that its intention to offer, subject to market conditions and other factors, $120 million aggregate principal amount of convertible senior notes due 2018 in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Act"). ServiceSource also expects to grant the initial purchasers of the notes a 30-day option to purchase up to an additional $20 million aggregate principal amount of the notes to cover over-allotments, if any. ServiceSource expects to use a portion of the net proceeds of the offering of the notes for the cost of the convertible note hedge transactions after such cost is partially offset by the proceeds of the warrant transactions described above, and to use the remaining proceeds for general corporate purposes, including working capital, capital expenditures, potential acquisitions and strategic transactions.  Full Article

Servicesource International Inc Issues Q3 2013 Guidance; Earnings Guidance Below Analysts' Estimate; Raises FY 2013 Revenue Guidance; Lowers FY 2013 Earnings Guidance-Conference Call
Thursday, 1 Aug 2013 04:30pm EDT 

Servicesource International Inc announced for the third quarter of 2013, it expects revenue in the range of $64 million to $67 million, EBITDA to be breakeven to $3 million, non-GAAP net income ranges from a loss of $1.5 million to a profit of $.5 million or negative $0.02 per share to positive $0.01 per share. For fiscal 2013,given the strong performance in H1 the Company is raising revenue guidance from the prior range of $267 million to $270 million, to range of $270 million to $274 million, the Company is lowering forecast for adjusted EBITDA from $21 million to $23 million, to range of $15 million to $18 million, non-GAAP net income for this year is $4 million to $6 million or $0.05 to $0.07 per share, down from prior estimate of $6.5 million to $7.5 million or $0.08 to $0.09 per share. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $66 million, EBITDA of $5 million, net income of $1.9 million and EPS of $0.02 for the third quarter of 2013; and revenue of $269 million, EBITDA of $20 million, net income of $6 million and EPS of $0.08 for fiscal 2013.  Full Article

Servicesource International Inc Reiterates FY 2013 Guidance-Conference Call
Thursday, 9 May 2013 04:30pm EDT 

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
Tuesday, 19 Feb 2013 08:00am EST 

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
Wednesday, 6 Feb 2013 09:30pm EST 

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
Wednesday, 6 Feb 2013 04:10pm EST 

Servicesource International Inc announced the appointment of Ashley Fieglein Johnson to the role of Chief Financial Officer (CFO).  Full Article

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