Jive Results Better Than Expected; Shares Rise After-Hours

Social enterprise software concern Jive Software reported first-quarter results that were slightly better than the expectations of analysts. Billings, a key metric combining revenue and the change in deferred revenue, grew 52 percent to $28 million, while total revenue rose 58 percent. Jive’s net loss on a non-GAAP basis was 9 cents a share. Jive shares rose as much as 9 percent in after-hours trading, after falling more than 10 percent during the regular session.