Please wait while we load the requested 10-K report or click the link below:
Jive Software Announces Fourth Quarter and Full Year 2014 Financial Results
Q4 revenue of $47.7 million, up 21% year-over-year
FY14 revenue of $178.7 million, up 23% year-over-year
Palo Alto, Calif. February 10, 2015 Jive Software, Inc. (NASDAQ: JIVE), the worlds leading provider of modern communication and collaboration solutions for business, today announced financial results for its fourth quarter and fiscal year ended December 31, 2014.
Jive reported fourth quarter and full year 2014 financial results that exceeded our expectations for both revenue and profitability, said Elisa Steele, CEO & President of Jive. During the quarter we won several exciting internal community customers in highly competitive situations, and also experienced strong market momentum with key JiveX wins. However, our short-term billings growth of 16% for the quarter was below our expectations.
Steele added, In 2015 we are aligning the entire organization to better capitalize on our market opportunity and grow faster over time. Specifically, we are simplifying our products and sales efforts around targeted use-case solutions that address discrete business problems for a broader array of customers. We believe this approach will enable customers to more quickly realize the improvement Jives industry-leading solutions can have on the ability of their employees, customers and partners to connect, communicate and collaborate. We believe this strategy can deliver improved operational and financial performance over time.
Fourth Quarter 2014 Financial Highlights
|||Revenue: Total revenue for the fourth quarter was $47.7 million, an increase of 21% on a year-over-year basis. Within total revenue, product revenue was $43.6 million for the fourth quarter, an increase of 22% on a year-over-year basis. Professional services revenue for the fourth quarter was $4.1 million, an increase of 17% on a year-over-year basis.|
|||Non-GAAP Billings: Short-term billings, which Jive defines as revenue plus the change in short-term deferred revenue, were $61.5 million for the fourth quarter, an increase of 16% year-over-year. Total billings, which Jive defines as revenue plus the change in short and long-term deferred revenue, was $61.1 million, an increase of 4% on a year-over-year basis.|
|||Gross Profit: GAAP gross profit for the fourth quarter was $30.3 million, compared to $24.7 million for the fourth quarter of 2013. Non-GAAP gross profit was $32.5 million for the fourth quarter, an increase of 21% year-over-year, and non-GAAP gross margin was 68%.|
|||Loss from Operations: GAAP loss from operations for the fourth quarter was $11.4 million, compared to a loss of $22.0 million for the fourth quarter of 2013. Non-GAAP loss from operations was $4.1 million, compared to non-GAAP loss from operations of $10.5 million for the fourth quarter of 2013.|
|||Net Loss: GAAP net loss for the fourth quarter was $12.1 million, compared to a net loss of $22.3 million for the same period last year. GAAP net loss per share for the fourth quarter was $0.17, based on 72.4 million weighted-average shares outstanding, compared to a net loss per share of $0.32, based on 68.8 million weighted-average shares outstanding for the same period last year.|
The following information was filed by Jive Software, Inc. (JIVE) on Tuesday, February 10, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
View differences made from one year to another to evaluate Jive Software, Inc.'s financial trajectory
Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were
removed , and by Jive Software, Inc..