Servicesource International Inc (SREV) Releases Earnings Results, Beats Expectations By $0.02 EPS

Servicesource International Inc (SREV) reported quarterly earnings results on Monday, Aug-8-2016. The company said it had a profit of $0.01 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $-0.01. The company posted revenue of $62.00 million in the period, compared to analysts expectations of $60.33 million. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.02 EPS.

Servicesource International Inc opened for trading at $4.64 and hit $4.805 on the upside on Friday, eventually ending the session at $4.7, with a gain of 1.51% or 0.07 points. The heightened volatility saw the trading volume jump to 3,60,653 shares. Company has a market cap of $401 M.

In a different news, on Jun 1, 2016, Richard Campione (director) sold 18,625 shares at $3.75 per share price. According to the SEC, on Nov 19, 2015, Christopher Carrington (CEO) purchased 19,980 shares at $4.97 per share price. On Jun 3, 2015, James C V Madden (director) sold 19,980 shares at $4.49 per share price, according to the Form-4 filing with the securities and exchange commission.

ServiceSource International Inc. (ServiceSource) is a recurring revenue growth solutions provider. The Company addresses elements of customer success recurring revenue growth and renewal processes which include on-boarding adoption quoting up-sell cross sell retention and renewals as well as recurring revenue business intelligence for the Revenue Lifecycle. The Company provides managed services and cloud software processes. By integrating managed services cloud software and data the Company provides end-to-end management and optimization of the subscription and service-contract renewal process. The Company’s cloud offerings include: ServiceSource Revenue Analytics Renew OnDemand and the ServiceSource Customer Success application which automate and provide data-driven insights into these manual business processes. The Company operates in two segments: Managed Services and Cloud and Business Intelligence.

Servicesource International Inc

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