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ServiceSource reports 4Q loss

SAN FRANCISCO (AP) _ ServiceSource International Inc. (SREV) on Tuesday reported a loss of $8.5 million in its fourth quarter.

On a per-share basis, the San Francisco-based company said it had a loss of 10 cents. Earnings, adjusted for one-time gains and costs, came to 2 cents per share.

The service revenue management software company posted revenue of $68.7 million in the period.

For the year, the company reported that its loss narrowed to $32.1 million, or 37 cents per share. Revenue was reported as $252.9 million.

For the current quarter ending in April, ServiceSource said it expects revenue in the range of $55 million to $58 million.

The company expects full-year revenue in the range of $248 million to $258 million.

ServiceSource shares have climbed 6.5 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $6.05, an increase of 53 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SREV at https://www.zacks.com/ap/SREV


Keywords: ServiceSource, Earnings Report