Benzinga | Jul 29, 2020 05:41PM EDT

ServiceSource Intl: Q2 Earnings Insights

Shares of ServiceSource Intl (NASDAQ:SREV) moved higher by 3.09% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were up 50.00% over the past year to ($0.01), which beat the estimate of ($0.05).

Revenue of $47,638,000 decreased by 9.01% year over year, which beat the estimate of $43,000,000.

Looking Ahead

ServiceSource Intl hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Technicals

52-week high: $2.10

52-week low: $0.53

Price action over last quarter: Up 27.91%

Company Profile

ServiceSource International Inc is a provider of customer and revenue lifecycle management solutions. The firm operates in a single segment which is focused on service offerings that integrate data, processes and cloud technologies. The company generates revenue through a pay-for-performance model, where clients pay a commission based on renewal sales generated. A majority of the firm's revenue is generated in North America and Latin America, and the rest from Europe, the Middle East, Africa, and Asia-Pacific.