QUOTE AND NEWS
Benzinga  Jun 30  Comment 
MannKind (NASDAQ: MNKD) shares gained 11.50% to $11.15 in pre-market trading following the Friday's conditional FDA approval for Afrezzaa. ServiceSource International (NASDAQ: SREV) shares jumped 6.22% to $5.98 in pre-market trading after Altai...
DailyFinance  May 21  Comment 
ServiceSource®¨ (NASDAQ: SREV), the global leader in recurring revenue management, today announced that it has expanded its relationship with Red Hat, the leading provider of open source solutions. Since 2010, ServiceSource...
Cloud Computing  May 6  Comment 
ServiceSource® (NASDAQ: SREV), the global leader in recurring revenue management, and the Technology Services Industry Association (TSIA), today announced the availability of a joint whitepaper on the importance of...
Benzinga  May 2  Comment 
Silicon Graphics International Corp. (NYSE: SGI) shares reached a new 52-week low of $9.77 after the company reported downbeat quarterly revenue. ServiceSource International, Inc. (NASDAQ: SREV) shares touched a new 52-week low of $4.29 was...
Benzinga  May 2  Comment 
Endocyte (NASDAQ: ECYT) shares fell 61.16% to $6.75 in pre-market trading after the company reported first quarter financial results and provided clinical update. ServiceSource International (NASDAQ: SREV) shares dropped 15.20% to $5.30 in...
SeekingAlpha  May 1  Comment 
The following audio is from a conference call that will begin on May 01, 2014 at 16:30 PM ET. The audio will stream live while the call is active, and can be replayed upon its completion. Listen now Complete Story »
Cloud Computing  Apr 24  Comment 
ServiceSource® (NASDAQ: SREV), the global leader in recurring revenue management, today announced that New Constructs, a leading investment analyst firm and service, has selected ServiceSource to drive growth and...
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...




 
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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