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- EXPORTING CONTACTS FROM PRODUCTEEV BY JIVE PLUS
- EXPORTING CONTACTS FROM PRODUCTEEV BY JIVE PROFESSIONAL
Loss from Operations: GAAP loss from operations for the second quarter was $18.8 million,compared to a loss from operations of $11.4 million for the second quarter of 2012.Non-GAAP gross margin was 67%, representing a 300 basis point non-GAAP gross margin improvement compared to the second quarter of 2012. Non-GAAP gross profit was $23.4 million for the second quarter, representing a year-over-year increase of 37%. Gross Profit: GAAP gross profit for the second quarter was $21.5 million, compared to $16.0 million for the second quarter of 2012.
EXPORTING CONTACTS FROM PRODUCTEEV BY JIVE PLUS
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EXPORTING CONTACTS FROM PRODUCTEEV BY JIVE PROFESSIONAL
Professional Services revenue for the second quarter was $3.7 million, an increase of 21% on a year-over-year basis. Within total revenue, product revenue was $31.6 million for the second quarter, an increase of 32% on a year-over-year basis. Revenue:Total revenue for the second quarter was $35.2 million, an increase of 31% on a year-over-year basis.We expect the Company to deliver improved execution in the second half of the year, and we believe that Jive is well positioned to be the pure play winner in the social business market." While the move to mainstream buyers is not without new challenges, we believe the reward for winning this opportunity will be substantial. Zingale added, "We continue to have a solid overall sales pipeline, market leading solutions and a highly differentiated track record of delivering business value to customers. "Despite these challenges, we signed new blue chip customers, expanded relationships with existing strategic customers and led the market by delivering significant new product innovations." However, the evolution of the market toward the mainstream buyer, combined with our go-to-market execution challenges, led to longer than expected sales cycles at the end of the quarter," stated Tony Zingale, Chairman & CEO of Jive. "Our second quarter financial results met or exceeded our guidance on both the top and bottom line. (Nasdaq:JIVE), a leader in social business, today announced financial results for its second quarter ended June 30, 2013. PALO ALTO, Calif., J(GLOBE NEWSWIRE) - Jive Software, Inc. 2Q total billings of $42.0 million, up 24% year-over-year.2Q total revenue of $35.2 million, up 31% year-over-year.
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