ServiceSource (Nasdaq:SREV) delivers these results via a cloud-based solution, combining its Service Revenue Performance Suite(TM) of applications with dedicated service sales teams, leveraging a proprietary Service Revenue Intelligence Platform(TM) of transaction data, benchmarks and best practices. ServiceSource is the global leader in service revenue management, partnering with technology-based companies to optimize maintenance, support and subscription revenue streams, while also improving customer relationships and loyalty.



ServiceSource yesterday announced financial results for the third quarter ended September 30, 2011. ServiceSource reported revenue of $50.1 million in the third quarter of 2011, an increase of 31% compared to $38.3 million in the third quarter of 2010. Revenue in Asia Pacific and Japan more than doubled compared to the third quarter of 2010 while EMEA grew 26%, demonstrating the Company's strong international presence and revenue mix. Adjusted EBITDA for the third quarter of 2011 was $3.0 million, exceeding prior guidance of $500,000 to $1.0 million. GAAP net loss for the third quarter of 2011 was $2.8 million, or $0.04 per share. Non-GAAP net income for the third quarter of 2011 was $1.1 million, or $0.01 per diluted share, which exceeded guidance of breakeven to a net loss of one cent per share.

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