Last $3.88 USD
Change Today -0.08 / -2.02%
Volume 148.2K
As of 9:59 AM 09/16/14 All times are local (Market data is delayed by at least 15 minutes).

servicesource international (SREV) Snapshot

Open
$3.97
Previous Close
$4.02
Day High
$3.98
Day Low
$3.87
52 Week High
09/16/13 - $13.61
52 Week Low
08/1/14 - $3.16
Market Cap
322.9M
Average Volume 10 Days
2.1M
EPS TTM
$-0.57
Shares Outstanding
83.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SERVICESOURCE INTERNATIONAL (SREV)

Related News

No related news articles were found.

servicesource international (SREV) Related Businessweek News

No Related Businessweek News Found

servicesource international (SREV) Details

ServiceSource International, Inc. provides recurring revenue management, maintenance, support, and subscription for technology and technology-enabled healthcare and life sciences companies. The company operates through three segments: North America and Latin America; Europe, Middle East, and Africa; and Asia Pacific-Japan. It offers end-to-end management and optimization of the service-contract renewals process, including data management, quoting, selling, and recurring-revenue business intelligence. The company provides Renew OnDemand Platform, a Software-as-a-Service (SaaS) based renewal management system based on data warehouse of transactional, analytical, and industry data. Its Renew OnDemand suite of applications comprising Renew Analytics, which offers analysis and reporting; Renew Sales application module that comprises quoting, forecasting, and workflow tools, as well as an analytics dashboard; Renew Ops, which allow customers to separate selling and administrative activities; Renew Channel that offers channel partners and resellers with online access to their specific renewal opportunities and their performance; and Renew Installed Base application, which provides a repository for installed-base data and business intelligence for resellers, distributors, and sales representatives. The company also offers managed services comprising data, enablement, and selling services through service teams. It sells its solutions directly through sales representatives worldwide. The company was founded in 2002 and is headquartered in San Francisco, California with additional offices in Colorado and Tennessee, as well as in the United Kingdom, Ireland, Malaysia, Singapore, and Japan.

2,914 Employees
Last Reported Date: 03/7/14
Founded in 2002

servicesource international (SREV) Top Compensated Officers

Acting Chief Executive Officer
Total Annual Compensation: $289.6K
Director and President of Cloud & Data Servic...
Total Annual Compensation: $266.7K
Head of Worldwide Sales & Customer Success
Total Annual Compensation: $300.0K
Chairman and Member of The Service Executive ...
Total Annual Compensation: $472.5K
Compensation as of Fiscal Year 2013.

servicesource international (SREV) Key Developments

ServiceSource Announces Plans to Expand Nashville Sales Center

ServiceSource announced plans to expand its Nashville sales center and create 100 full-time permanent jobs to support its rapidly growing customer base. The Nashville sales center supports many major Silicon Valley-based customers, providing a unique high-tech linkage with the San Francisco Bay Area. ServiceSource first opened an office in Nashville in 2008 with 20 employees and rapidly expanded its presence in 2012. With the infusion of 100 new employees, ServiceSource plans to hire sales representatives and other support staff that manage service contract and subscription renewals for over 40 hardware, software, SaaS, and healthcare technology companies.

ServiceSource International, Inc. Announces Management Changes

ServiceSource announced that Mike Smerklo has resigned after 11 successful years. Mr. Smerklo will remain Chairman of the Board to ensure a smooth management transition and help guide the company's long-term strategy. In addition, the Board of Directors announced the appointment of Chief Financial Officer, Ashley Fieglein Johnson, as Acting CEO, effective immediately, and has retained a leading executive search firm to identify a permanent CEO. Finally, ServiceSource is announcing the appointment of Rick Genovese as President of the new Managed Services Business Unit. In this role, Mr. Genovese will own the strategy and execution for the company's Managed Services Business Unit for recurring revenue management. Ms. Johnson will work closely with the Board to execute on the new ServiceSource strategy. Rick Genovese most recently served as the Chief Operating Officer and Executive Vice President of Ciber, Inc.

ServiceSource International, Inc. Announces Earnings Guidance for the Third Quarter of 2014

ServiceSource International, Inc. announced earnings guidance for the third quarter of 2014. For third quarter, the company expects consolidated revenue to be in the range of $58.5 million to $62.5 million on a non-GAAP basis, reflecting a decrease of roughly 6% to 12% from third quarter of 2013. The company expects consolidated non-GAAP gross margins to be in the range of 20% to 23% in the third quarter. It’s expect operating expenses in third quarter to remain roughly flat to prior quarter, resulting in adjusted EBITDA loss of $15 million to $18 million for the quarter. It’s forecast non-GAAP net loss of $10 million to $12 million or negative $0.12 to $0.14 per share. This assumes a basic share count of 83 million shares and a normalized tax rate of 40%. The company currently forecast negative free cash flow in the quarter of $20 million to $24 million.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
SREV:US $3.91 USD -0.05

SREV Competitors

Market data is delayed at least 15 minutes.

Company Last Change
BroadSoft Inc $23.32 USD +0.12
Cornerstone OnDemand Inc $40.45 USD +0.24
Jive Software Inc $6.58 USD +0.10
Rainmaker Systems Inc $0.10 USD 0.00
Synchronoss Technologies Inc $43.35 USD +0.36
View Industry Companies
 

Industry Analysis

SREV

Industry Average

Valuation SREV Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.2x
Price/Book 1.5x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact SERVICESOURCE INTERNATIONAL, please visit www.servicesource.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.