ServiceSource International, Inc. announced an agreement with Bazaarvoice. Bazaarvoice will deploy the SaaS application Renew OnDemand and leverage ServiceSource's best practices-based managed services to improve data accuracy, achieve greater visibility into the delivery of services to clients and automate the renewals workflow. For more than 2,000 clients globally, Bazaarvoice helps channel authentic, consumer-generated branded content into all the places that influence purchase decisions, giving its clients business insights so they can offer consumers more of what they want. Bazaarvoice to drive more traffic and conversion on their e-commerce sites, and the Bazaarvoice network helps brands participate directly in the retail channel to influence consumers at the point of purchase.

ServiceSource International, Inc. provided earnings guidance for the second quarter 2013. For the quarter, the company expects revenue to be in the range of $64 million to $66 million, reflecting a 9% increase over the second quarter of 2012 at the midpoint of the range. The guidance reflects the improvement in year-over-year growth rate that are expecting as move through the year. The company expects non-GAAP gross margins to be in the range of 41% to 43%, with improvement continuing into the second half of the year. The company expects to see higher margins, as grow subscription revenue streams and build out partner ecosystem. The company expects non-GAAP net income to be roughly breakeven in the range of a loss of $500,000 to a profit of $500,000 or negative $0.01 to positive $0.01 per share. The forecast free cash flow is approximately breakeven. As subscription business grows heading into 2014, the expect free cash flow to benefit from this new line of business as receive more cash upfront for Renew deals. This guidance assume a normalized tax rate of 40% and a fully diluted share count of approximately 81 million shares for the second quarter.

ServiceSource International, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the first quarter, the company reported revenue of $61.1 million, a 6% increase over the $57.6 million delivered in the same period of 2012. Loss from operations was $9,655,000 compared to $3,135,000 last year. Loss before income taxes was $9,762,000 compared to $3,226,000 last year. GAAP net loss was $10.5 million, or $0.14 per basic and diluted share, compared with a net loss of $1.3 million, or $0.02 per basic and diluted share for the same period last year. Net cash provided by operating activities was $5,880,000 compared to net cash used in operating activities of $6,324,000 last year. Acquisition of property and equipment was $1,232,000 compared to $6,631,000 last year. LBITDA was $6,449,000 compared to $867,000 last year. Adjusted LBITDA was $528,000 compared to adjusted EBITDA of $3,380,000 last year. Non-GAAP net loss was $1,542,000 or $0.02 per diluted share compared to net income of $994,000 or $0.01 per diluted share last year.