Shares of enterprise social networking software maker Jive Software (JIVE) are down 24 cents, or 1.7%, at $14.33, after the company reported Q4 results that topped analysts’ expectations but forecast this quarter’s and the full year’s profit below consensus.
Revenue in the three months ended in December rose 44%, year over year, to $32.5 million, yielding a net loss of 14 cents a share.
Analysts had been modeling $31 million and a 15-cent loss.
CEO Tony Zingale said the company “experienced an acceleration in million dollar customer commitments, including the largest annual contract value deal in the history of Jive.”
For the current quarter, the company sees revenue in a range of $33.5 million to $34.5 million, and its net loss in a range of 15 cents to 17 cents. That is in line with the Street’s $34 million revenue estimate, but weaker than the 8-cent loss analysts have been modeling.
For the full year, the company is modeling $148 million to $153 million in revenue, and a net loss of 53 cents to 60 cents. That is in line with the Street’s $152 million average revenue estimate but below the consensus 27 cents in net loss per share.
Jive competes with social networking efforts for corporations from a host of established software vendors, such as Microsoft (MSFT), International Business Machines (IBM), Salesforce.com (CRM), and Tibco (TIBX).
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