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Revenue of $48.9 million, up 8.6% year-over-year GAAP Net Loss of $4.4 million; Non-GAAP Net Income of $1.1 million Adjusted EBITDA of $2.6 million Free cash flow of $1.4 million ServiceSource (NASDAQ:SREV), the customer journey experience company, today announced financial results for the three months ended March 31, 2022. "We had a strong start to the year on many fronts, maintaining healthy revenue growth and expanded profitability year-over-year," said Gary B. Moore, ServiceSource's chairman and chief executive officer. "Our results clearly show the impact of the work we've done to strengthen our operating model and refine our solution offerings. We continue to attract new logos, o
Transaction Combines Highly Complementary Customer Experience (CX) Solutions Businesses Unifies Best-in-Class Digitally-Enabled Capabilities to Support the Entire Customer Journey for B2B and B2C Clients 47% Premium for ServiceSource Stockholders Transaction was Unanimously Approved by ServiceSource's Board of Directors Stockholders Representing Approximately 33.5% of the Outstanding Voting Power Have Entered Into Voting Agreements in Support of the Transaction ServiceSource International, Inc. (NASDAQ:SREV), the customer journey experience company, today announced it has entered into a definitive merger agreement pursuant to which Concentrix Corporation (NASDAQ:CNXC), a leading global
Expands B2B sales capabilities, a fast growth area for ConcentrixAdds an attractive client portfolio of leading technology and new economy brandsStrong financial returns driven by significant revenue and cost synergies, and compelling valuation NEWARK, Calif., May 09, 2022 (GLOBE NEWSWIRE) -- Concentrix Corporation (NASDAQ:CNXC), a leading global provider of customer experience (CX) solutions and technologies, today announced that it has reached a definitive agreement to acquire ServiceSource International, Inc. (NASDAQ:SREV), a global market leader in B2B digital sales, for $1.50 per share in an all-cash transaction valued at approximately $131 million, inclusive of ServiceSource's net c
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DENVER--(BUSINESS WIRE)--ServiceSource International, Inc. (NASDAQ: SREV), the customer journey experience company, announces the promotion of Jenny Frank to the position of Chief Accounting Officer. Reporting to Chief Financial Officer Chad Lyne, Ms. Frank will directly oversee all corporate accounting, SEC reporting, treasury, procurement, stock administration, and internal audit functions globally. “During her three years at ServiceSource, Jenny has made significant contributions to the company and has been instrumental in recruiting and building a world-class team,” said Chad W. Lyne, chief financial officer, ServiceSource. “We look forward to her ongoing leadership in this e
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Revenue of $48.9 million, up 8.6% year-over-year GAAP Net Loss of $4.4 million; Non-GAAP Net Income of $1.1 million Adjusted EBITDA of $2.6 million Free cash flow of $1.4 million ServiceSource (NASDAQ:SREV), the customer journey experience company, today announced financial results for the three months ended March 31, 2022. "We had a strong start to the year on many fronts, maintaining healthy revenue growth and expanded profitability year-over-year," said Gary B. Moore, ServiceSource's chairman and chief executive officer. "Our results clearly show the impact of the work we've done to strengthen our operating model and refine our solution offerings. We continue to attract new logos, o
ServiceSource International, Inc. (NASDAQ:SREV), the customer journey experience company, announces it will release its financial results for the first quarter ended March 31, 2022 before the market opens on Tuesday, May 10, 2022 followed by a conference call at 9:30 a.m. Mountain Time (11:30 a.m. Eastern Time) to discuss those results. To access the call, please dial (877) 293-5486, or outside the U.S. (914) 495-8592, at least five minutes prior to the start time. A live webcast and replay of the call will also be available on the ServiceSource Investor Relations website under Events and Presentations. About ServiceSource ServiceSource International, Inc. (NASDAQ:SREV) is a global outso
Fourth Quarter Revenue of $55.8 million, up 9.3% year-over-year 2021 Revenue of $195.7 million, up 0.6% year-over-year 2021 GAAP Net Loss of $14.7 million; 2021 Non-GAAP Net Income of $2.0 million 2021 Adjusted EBITDA of $9.8 million ServiceSource (NASDAQ:SREV), the customer journey experience company, today announced financial results for the three and twelve months ended December 31, 2021. "We closed the year on a strong note, with revenue growth and profitability in the fourth quarter being at multi-year highs," said Gary B. Moore, ServiceSource's chairman and chief executive officer. "Our unwavering focus on executing our brand promise is enabling our clients to accelerate their go-to
On Wednesday, shares of ServiceSource International, Inc. (NASDAQ:SREV) experienced volatile short activity. After the activity, the stock price went down 1.39% to $1.42. The overall sentiment for SREV has been Bullish. The signal from the volatility alert is trending Bullish. Therefore, the recommendation is to Reduce Short Exposure. The volatility alert was produced on the prior trading date, 5/11/2022, with a volatility change of +63.23%. The current volatility indicator stands at 13.148. Overview: The securities lending volatility indicator is produced by Tidal Markets, in partnership with Benzinga Insights. Securities lending primarily serves the purpose of providing liquidity to
ServiceSource Intl (NASDAQ:SREV) reported quarterly earnings of $0.01 per share. This is a 150 percent increase over losses of $(0.02) per share from the same period last year. The company reported quarterly sales of $48.90 million which beat the analyst consensus estimate of $45.79 million by 6.79 percent. This is a 8.61 percent increase over sales of $45.02 million the same period last year.
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