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ServiceSource (NASDAQ: SREV) reported Q1 2022 revenue of $48.9 million, reflecting an 8.6% year-over-year increase. While the company posted a GAAP net loss of $4.4 million, it achieved a non-GAAP net income of $1.1 million. Key metrics included an Adjusted EBITDA of $2.6 million and free cash flow of $1.4 million. The quarter saw the acquisition of two new clients and a renewal rate of 94% for contracts up for renewal, demonstrating strong operational performance and client retention.
ServiceSource International (NASDAQ: SREV) has announced a definitive merger agreement with Concentrix Corporation (NASDAQ: CNXC) in an all-cash deal valued at $1.50 per share, reflecting a 47% premium to its stock price on May 6, 2022. The transaction was unanimously approved by ServiceSource's Board and has garnered support from stockholders representing approximately 33.5% of voting power. The merger is expected to close in the second half of fiscal 2022, pending stockholder approval and regulatory conditions.
ServiceSource International, Inc. (NASDAQ: SREV) will announce its Q1 financial results on May 10, 2022, prior to market opening. A conference call will follow at 9:30 a.m. MT to discuss the results. Investors can access the call by dialing (877) 293-5486 or listening via the ServiceSource Investor Relations website for a live webcast and replay.
ServiceSource specializes in B2B digital sales and customer success transformation, leveraging over 20 years of expertise to drive significant client value across 178 countries.
ServiceSource (NASDAQ: SREV) reported its fourth quarter revenue of $55.8 million, a 9.3% increase year-over-year. For 2021, total revenue stood at $195.7 million, growing by 0.6%. The company posted a GAAP net loss of $14.7 million but achieved a non-GAAP net income of $2.0 million. Adjusted EBITDA reached $9.8 million. Key highlights include the acquisition of eight new clients and robust sales activity with a 13% rise in new bookings. Management expressed confidence in building on the momentum from 2021 into 2022.
ServiceSource International, Inc. (NASDAQ: SREV) will announce its fourth quarter and full-year financial results for the period ending December 31, 2021, after market close on February 23, 2022. A conference call to discuss these results is scheduled for 2:30 PM MT (4:30 PM ET). Interested parties can access the call by dialing (877) 293-5486 or via the ServiceSource Investor Relations website, where a live webcast will also be available. ServiceSource specializes in outsourced go-to-market services, enhancing B2B sales and customer journeys.
ServiceSource International (NASDAQ: SREV) has signed agreements with three new clients, including a top financial technology firm and a corporate e-gifting digital disruptor. These clients have chosen ServiceSource for its expertise in various sales processes, aiming to improve customer engagement and drive market share. CEO Gary B. Moore highlights the company's commitment to enhancing client growth through proven strategies. ServiceSource continues to deliver comprehensive services globally, reinforcing its position as a leader in customer journey experience.
ServiceSource (NASDAQ: SREV) reported Q3 2021 revenue of $48.6 million, reflecting a 6.1% year-over-year increase. The GAAP net loss narrowed to $3.4 million from $5.6 million in Q3 2020, with a non-GAAP net income of $0.4 million. Adjusted EBITDA was positive at $2.0 million, compared to a loss of $0.2 million last year. The company renewed 94% of its contracts and boosted new bookings by 22%. It secured a new $35 million revolving credit facility and announced a strategic contract with Dropbox.
ServiceSource International, Inc. (NASDAQ: SREV) is set to release its financial results for Q3 2021, ending September 30, 2021, on November 2, 2021, post market close. This will be followed by a conference call at 2:30 PM MT (4:30 PM ET) to discuss the results. ServiceSource provides outsourced go-to-market services aimed at enhancing B2B digital sales and customer success transformation.
ServiceSource International, Inc. (NASDAQ: SREV) will present its insights on digital selling strategies for technology leaders at the Technology & Services World Conference from Oct. 18-20. Charlie McCarter, VP of Global Account Management, will lead a session on enhancing customer relationships in a virtual environment. ServiceSource aims to optimize customer journey experiences through its High-Performance Sales Methodology, claiming to drive billions in incremental revenue for clients annually. The event takes place both virtually and at the Aria Resort & Casino in Las Vegas.
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