- Record Total Revenue
- 4Q total revenue of $22.5 million, up 53% year-over-year
- 2011 total revenue of $77.3 million, up 67% year-over-year
- Record Billings
- 4Q total billings of $36.0 million, up 40% year-over-year
- 2011 total billings of $104.9 million, up 46% year-over-year
- Completion of IPO contributes to a $180.6 million cash balance at end of 2011
PALO ALTO, Calif., Feb. 7, 2012 (GLOBE NEWSWIRE) -- Jive Software, Inc. (Nasdaq:JIVE), today announced financial results for its fourth quarter and full year ended December 31, 2011.
A photo accompanying this release is available at http://www.globenewswire.com/newsroom/ctr?d=245112&l=2&u=http%3A%2F%2Fwww.globenewswire.com%2Fnewsroom%2Fprs%2F%3Fpkgid%3D11591http://www.globenewswire.com/newsroom/prs/?pkgid=11591
"We are thrilled to announce record financial results for the quarter, which represented a strong finish to a remarkable year," stated Tony Zingale, Chairman & CEO of Jive. "Jive is increasingly being adopted by large global organizations that are investing in social business to change the way work gets done. During the fourth quarter, we had a record number of wins with an annual subscription value of $1 million or greater, and more than doubled the average annual deal size for new relationships during 2011."
Zingale added, "The completion of Jive's IPO was a milestone event for us as we became the first publicly traded social business software pure play. Jive is well-positioned to execute on our growth strategy and capitalize on our leadership position in this rapidly growing, multi-billion dollar market."
Read the rest of the press release here: Photo Release -- Jive Software Announces Fourth Quarter and Full Year 2011 Financial Results (NASDAQ:JIVE)