1Q total revenue of $25.3 million, up 58% year-over-year

1Q total billings of $28.2 million, up 52% year-over-year

1Q cash flow generated from operations of $2.1 million

Recent launch of the next generation Jive platform and Try Jive 30-day free trial, set the stage for accelerated social business software adoption and expansion of market leadership position

Revenue: Total revenue for the first quarter was $25.3 million, an increase of 58% on a year-over-year basis. Within total revenue, product revenue was $21.7 million for the first quarter, an increase of 60% on a year-over-year basis. Professional Services revenue for the first quarter was $3.6 million, an increase of 46% on a year-over-year basis.

Non-GAAP Billings: Total billings, which Jive defines as revenue plus the change in total deferred revenue, were $28.2 million for the first quarter, an increase of 52% on a year-over-year basis.

Gross Profit: GAAP gross profit for the first quarter was $14.7 million, compared to $9.0 million for the first quarter of 2011. Non-GAAP gross profit was $15.6 million for the first quarter, an increase of 71% year-over-year, and non-GAAP gross margin was 62%, representing approximately 500 basis points of margin improvement, compared to the first quarter of 2011.

Loss from Operations: GAAP loss from operations for the first quarter was $8.8 million, compared to a loss of $10.3 million for the first quarter of 2011. Non-GAAP loss from operations was $5.1 million, compared to a non-GAAP loss from operations of $8.1 million for the first quarter of 2011.

Net Loss: GAAP net loss for the first quarter was $8.9 million, compared to a net loss of $14.5 million for the same period last year. GAAP net loss per share for the first quarter was $0.15, based on 61.4 million weighted-average shares outstanding, compared to a loss per share of $0.63, based on 23.0 million weighted-average shares outstanding for the same period last year.

Balance Sheet and Cash Flow: As of March 31, 2012, Jive had cash and cash equivalents and marketable securities of $178.1 million, compared to $180.6 million at the end of the fourth quarter.

Entered into new and expanded customer relationships including Aetna, Bridgepoint Education, Lafarge, ServiceSource, Palo Alto Networks, Information Security Forum, Genpact International Inc., Plantronics, and a number of prominent financial services and technology companies among others;

Delivered its next-generation platform, making social business easier to use and adopt, more accessible, and more pervasive than ever before. The new platform, which introduces an array of new features, is available immediately in Jive Cloud, Jive’s public cloud service. Key elements include:

Try Jive, a new group collaboration solution for teams of 25 to 250,000 people. Try Jive provides a fast and easy on-ramp to Jive’s next generation platform via a Jive Cloud deployment and a 30-day free trial, bringing leading-edge social business capabilities to large and small teams

Jive Anywhere, a breakthrough feature that provides one-click access to the Jive platform from any website or web application creating a ubiquitous social business experience

Jive !App Experiences, an industry first innovation that enables users to interact with applications from within Jive and merge them seamlessly into the social business workflow with a single keystroke

Jive Edge, a sophisticated social intelligence engine that leverages the power of big data and the enterprise social graph to provide predictive and personalized search results

Enhancements to Jive What Matters activity streams, including customizable Attention Streams focused on specific processes and people

Released the Jive Social Intranet Solution, a new internal collaboration solution that allows organizations to transform their intranets into dynamic, socially focused destinations leading to increased productivity and collaboration between employees.

Released the Jive Social Customer Service Solution, a turnkey solution that enables a social customer service strategy that can simultaneously improve customer satisfaction while lowering support costs.

Introduced Jive Gamification, powered by Bunchball, which drives increased engagement for both internal and external communities through rewards and incentives based on customer utilization.

Second Quarter 2012 Guidance: Total revenue is expected to be in the range of $26.0 million to $27.0 million. Non-GAAP loss from operations is expected to be in the range of $6.5 million to $7.5 million. Non-GAAP loss per share is expected to be in the range of $0.11 to $0.12 based on approximately 61.9 million weighted-average diluted shares outstanding.

Full Year 2012 Guidance: Total revenue is expected to be in the range of $110.0 million to $113.5 million. Non-GAAP loss from operations is expected to be in the range of $22.0 million to $24.0 million. Non-GAAP loss per share is expected to be in the range of $0.38 to $0.42 based on approximately 62.0 million weighted-average diluted shares outstanding. Free cash flow is expected to be in the range of ($5.0) million to ($7.0) million.

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