Servicesource International Inc Issues Q3 2011 Outlook; EBITDA, Net Income Outlook Below Analysts' Estimates; Raises FY 2011 Revenue Outlook; Lowers FY 2011 EBITDA Outlook; Revises FY 2011 EPS Outlook

Servicesource International Inc announced that for the third quarter of 2011 it forecasts revenue to be in the range of $45 million to $46 million, adjusted EBITDA of approximately $0.5 million to $1.0 million, net loss of $4.5 million to $5.0 million, and non-GAAP net income per diluted share (EPS) of approximately breakeven to a loss of one cent per share. For fiscal 2011, the Company forecasts revenue to be in the range of $190 million to $192 million, adjusted EBITDA to be in the range of $10.5 million to $11.5 million, net income to be in the range of $10.5 million to $11.5 million, and non-GAAP net income per diluted share to be in the range of $0.03 to $0.04. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $45 million, EBITDA of $1.8 million, net income of $0.2 million and EPS of $0.00 for the third quarter of 2011; revenue of $187 million, EBITDA of $11 million, net income of $2.9 million and EPS to be of $0.04 for fiscal 2011.