Exhibit 99.1

JIVE SOFTWARE ANNOUNCES THIRD QUARTER 2016 RESULTS



Palo Alto, Calif.November 1, 2016Jive Software, Inc. (NASDAQ: JIVE), the leading provider of modern communication and collaboration solutions for business, today announced financial results for its third quarter ended September 30, 2016.

“Our performance in the third quarter exceeded guidance across the board,” said Elisa Steele, CEO of Jive Software. “GAAP loss from operations for the third quarter was $603,000, which was a strong improvement of $8.2 million compared to one year ago. We delivered non-GAAP operating profitability of $3.8 million, which represents the second quarter in a row that we have accomplished this important milestone as a public company.”
“We were pleased with our consistent sequential performance this quarter as we continued to execute on our strategies, build operational strength and optimize spend. As part of our disciplined go-to-market approach, we continue to target opportunities within the enterprise segment and further leverage Jive’s leading Collaboration Hub strategy that increases the value of customers’ investment in multiple vendors’ business applications. As we position the company for the longer term, we are taking steps to deliver our future product vision of a digital workplace that connects employees, customers and partners in a single, virtual Collaboration Hub,” said Steele.
“Our key focus is on execution for the remainder of the year. We are balancing our investments to lay the foundation for future growth as we maintain a disciplined cost structure to achieve our financial goals, while remaining profitable on a non-GAAP operating basis,” concluded Steele.
Third Quarter 2016 Financial Highlights
 
Revenue: Total revenue for the third quarter was $50.7 million, an increase of 2% on a year-over-year basis. Within total revenue, product revenue was $46.6 million for the third quarter, an increase of 2% on a year-over-year basis. Professional services revenue for the third quarter was $4.1 million, an increase of 3% 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 $48.3 million for the third quarter, an increase of 1% year-over-year. Total billings, which Jive defines as revenue plus the change in short and long-term deferred revenue, was $46.8 million, an increase of 8% on a year-over-year basis.

Gross Profit: GAAP gross profit for the third quarter was $34.6 million, an increase of 9% year-over-year, and GAAP gross margin was 68%. Non-GAAP gross profit was $35.5 million for the third quarter, an increase of 6% year-over-year, and non-GAAP gross margin was 70%.

Loss from Operations: GAAP loss from operations for the third quarter was $603,000, compared to a loss from operations of $8.8 million for the third quarter of 2015. Non-GAAP income from operations was $3.8 million, compared to non-GAAP loss from operations of $2.2 million for the third quarter of 2015.

Net Loss: GAAP net loss for the third quarter was $745,000, compared to a net loss of $8.8 million for the same period last year. GAAP net loss per share for the third quarter was $0.01, based on 77.9 million weighted-average shares outstanding, compared to a net loss per share of $0.12, based on 75.6 million weighted-average shares outstanding, for the same period last year.

Non-GAAP net income for the third quarter was $3.7 million, compared to a non-GAAP net loss of $2.3 million for the same period last year. Non-GAAP net income per share for the third quarter was $0.05, based on 80.3 million weighted-average diluted shares outstanding, compared to a non-GAAP net loss per share of $0.03, based on 75.6 million weighted-average shares outstanding, for the same period last year.
 
Balance Sheet and Cash Flow: As of September 30, 2016, Jive had cash and cash equivalents and marketable securities of $102.5 million, compared to $112.7 million as of December 31, 2015. Cash used by operations was $4.7 million and Jive used $0.4 million to purchase capital expenditures and finance capital leases, leading to negative free cash flow of $5.1 million for the third quarter of 2016, compared to negative free cash flow of $6.3 million for the third quarter of 2015. Free cash flow is defined as cash flows provided by operating activities minus cash flows used to purchase capital expenditures and finance capital leases.



The following information was filed by Jive Software, Inc. (JIVE) on Tuesday, November 1, 2016 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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