QUOTE AND NEWS
SeekingAlpha  Mar 18  Comment 
By Chris Wang: Last week, I attended the Northland Growth Conference in NYC. It was an exciting day spent with some of the fastest growing SaaS (software as a service) companies in America. One of the intriguing meetings was when I sat down with...
Cloud Computing  Mar 12  Comment 
ServiceSource® (NASDAQ: SREV), the global leader in recurring revenue management, today announced that Scout® has joined Marketo LaunchPoint, an ecosystem of powerful solutions for marketers. Marketo...
Cloud Computing  Feb 18  Comment 
ServiceSource® (NASDAQ:SREV), the global leader in recurring revenue management, today announced that Polycom will utilize Renew OnDemand™ to manage its global renewals business across its product portfolio. Renew OnDemand...
Benzinga  Feb 7  Comment 
In a report published Friday, Morgan Stanley analyst Jennifer Swanson Lowe reiterated an Equal-Weight rating on ServiceSource International (NASDAQ: SREV). In the report, Morgan Stanley noted, “Q4 results highlight the increasing contribution...
SeekingAlpha  Feb 7  Comment 
ServiceSource International (SREV) Q4 2013 Earnings Call February 06, 2014 4:30 pm ET Executives Anne Bawden Michael A. Smerklo - Chairman of the Board, Chief Executive Officer and Member of the Service Executive Industry Board ...
StreetInsider.com  Feb 6  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/ServiceSource+%28SREV%29+Reports+In-Line+Q4+EPS/9136262.html for the full story.
DailyFinance  Dec 3  Comment 
ServiceSource® (NASDAQ:SREV), the global leader in recurring revenue management, today announced changes to its global sales and customer leadership structure to ensure ongoing customer success across its product and managed...
Cloud Computing  Dec 2  Comment 
ServiceSource® (NASDAQ:SREV), the global leader in recurring revenue management, today announced changes to its global sales and customer leadership structure to ensure ongoing customer success across its product and managed...
StreetInsider.com  Nov 22  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Upgrades/CLSA+Upgrades+ServiceSource+%28SREV%29+to+Buy/8917065.html for the full story.
Cloud Computing  Nov 15  Comment 
ServiceSource® (NASDAQ:SREV), the global leader in recurring revenue management, today announced the findings of its “2013 Customer Loyalty Survey,” a survey of more than 200 IT decision-makers about their relationship...




 
TOP CONTRIBUTORS

ServiceSource International (NASDAQ:SREV) provides organization with the ability to manage their service revenue. Its tools help technology companies to increase the rate of renewal of maintenance, support, and subscription. ServiceSource provides its services in the cloud as a Software as a Service as well as having a dedicated service sales team. The company generates revenue by Pay-for-performance. In other words, it charges its customers based on the renewal of sales ServiceSource creates.[1]

Because ServiceSource uses a pay-for-performance model, it is able to increase its user base relatively easily. Most customers have either little or no upfront costs to joining the organization. In addition, the company sells to companies across 30 different languages and is not restricted to a single user base.[2]

The company's initial public offering of stock on the NASDAQ occurred on March 24, 2011. The company offered 11.9M shares each for $10. This was above the initial price range of $7.5-$9. The company raised a total of $119M through the offering. The lead underwriter of the deal were Morgan Stanley (MS) and Deutsche Bank AG (DB).[3]

ServiceSource International total revenue for the full year 2010 was $152.9M. This was a 38% increase over the $110.7M total revenue for 2009. The company reported a net loss of $2.6M for 2010. This compares to a net income of $10.4M in 2009. This was due, in part, from a roughly 50% increase in sales and marketing expenses. [4]

References

  1. SREV S-1/A 2010 PROSPECTUS SUMMARY "Overview" pg 1
  2. SREV S-1/A 2010 PROSPECTUS SUMMARY "Our Competitive Advantage" pg 3
  3. Renaissance Capital - IPO Home "ServiceSource prices IPO at $10, above the range" 24 March 2011
  4. SREV S-1/A PROSPECTUS SUMMARY "SUMMARY CONSOLIDATED FINANCIAL DATA" pg 7
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