Benzinga  Apr 28  Comment 
JMP Securities upgraded Servicesource International Inc (NASDAQ: SREV) from Market Perform to Market Outperform. The price target for Servicesource International is set to $7. Servicesource International shares have dropped 45.65 percent over...
Benzinga  Apr 28  Comment 
TheStreet.com  Feb 27  Comment 
NEW YORK (TheStreet) -- Shares of ServiceSource International were gaining 7.2% to $3.73 Friday after the business software company beat analysts' estimates for earnings and revenue in the fourth quarter. ServiceSource reported earnings of 1...
StreetInsider.com  Oct 7  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Management+Changes/ServiceSource+%28SREV%29+Names+Interim+CFO%3B+EVP+Bonos+Resigns/9891612.html for the full story.
DailyFinance  Sep 16  Comment 
ServiceSource® (Nasdaq: SREV), today announced that Rick Genovese has resigned as President of the Managed Services Business Unit to focus on an unexpected medical issue. Mr. Genovese was recently appointed to this role on...
Forbes  Aug 29  Comment 
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that...
TheStreet.com  Aug 28  Comment 
NEW YORK (TheStreet) --aServiceSource International was gaining 8.9% to $3.90 today after announcing that it will expand its Nashville, TN sales center. The sales center expansion will add 100 full-time permanent jobs in addition to the 800...


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]


  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
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