BURLINGTON, Massachusetts,
October 3, 2011 /PRNewswire/ --
ClickSoftware Technologies Ltd. (NasdaqGS: CKSW), the leading
provider of automated workforce management and optimization
solutions for the service industry, today announced preliminary
results for the third quarter ended September 30, 2011.
The Company anticipates record revenues for Q3 2011 in an
approximate range of $22.7 to $23.5
million. The Company also revised upward its annual
guidance for full year 2011 to the range of approximately
$85 to $87 million, compared with the
previously provided annual guidance of between $81.5 and $85 million.
"ClickSoftware continues to see strong business", stated Dr.
Moshe BenBassat, ClickSoftware's
Chairman and CEO. "Not only did we generate strong results in the
third quarter, additional new contracts are now in advanced stages
for closure in the upcoming quarter, which give us sufficient
comfort to increase our guidance for the full year 2011", he
added.
The above assessment for the third quarter of 2011 is based on
the Company's initial analysis and is subject to change as
additional financial information becomes available.
ClickSoftware expects to report its final financial results
for the third quarter of 2011 towards the end of October 2011. A news release announcing the exact
date, and dial-in and webcasting details for the conference call,
will be issued in advance.
About ClickSoftware
ClickSoftware is the leading provider of automated workforce
management and optimization solutions for every size of service
business. Our portfolio of solutions, available on demand and on
premise, creates business value through higher levels of
productivity, customer satisfaction and operational efficiency. Our
patented concept of 'continuous planning and scheduling'
incorporates customer demand forecasting, long and short term
capacity planning, shift planning, real-time scheduling, mobility
and location-based services, as well as on-going communication with
the consumer on the expected arrival time of the service
resource.
As the pioneers of the 'W6' concept more than 20 years ago, we
have perfected solutions for solving a wide variety of problems on
Who does What, for Whom, with What, Where and When. The combination
of proven technology with educational services helps businesses
find the right balance between reducing costs, increasing customer
satisfaction, employee preferences and industry
regulations/legislation. ClickSoftware's solutions manage hundreds
of thousands of resources in service businesses across a variety of
industries and geographies. Our flexible deployment approach,
breadth and depth of solutions and strong partnerships with leading
CRM/ERP vendors and system integrators makes us the number one
choice to deliver superb business performance to any organization.
The Company is headquartered in the
United States and Israel,
with offices across Europe, and
Asia Pacific. For more
information, please visit http://www.clicksoftware.com or follow us
on Twitter, the content of which is not part of this press
release.
Safe Harbor for Forward Looking
Statements
This press release contains express
or implied forward-looking statements within the Private Securities
Litigation Reform Act of 1995 and other U.S Federal securities
laws. These forward-looking statements include, but are not limited
to, those statements regarding expectations regarding future
closing of contracts and our anticipated revenues for the third
quarter ended on September 30, 2011
and the full year 2011. Such "forward-looking statements" involve
known and unknown risks, uncertainties and other factors that may
cause actual results or performance to differ materially from those
projected. Achievement of these results by ClickSoftware may be
affected by many factors, including, but not limited to, risks and
uncertainties regarding the general economic outlook, the length of
or changes in ClickSoftware's sales cycle, ClickSoftware's ability
to close sales to potential customers in a timely manner and
maintain or strengthen relationships with strategic partners, the
timing of revenue recognition, foreign currency exchange rate
fluctuations, and ClickSoftware's ability to maintain or increase
its sales pipeline. The forward-looking statements contained in
this press release are subject to other risks and uncertainties,
including those discussed in the "Risk Factors" section and
elsewhere in ClickSoftware's annual report on Form 20-F for the
year ended December 31, 2010 and in
subsequent filings with the Securities and Exchange Commission.
Except as otherwise required by law, ClickSoftware is under no
obligation to (and expressly disclaims any such obligation to)
update or alter its forward-looking statements whether as a result
of new information, future events or otherwise.
ClickSoftware Contact:
Noa Schuman
Investor Relations
+972-3-7659-467
noa.schuman@clicksoftware.com
Investor Relations Contact:
Rob Fink / Chi-Chi Millaway
KCSA Strategic Communications
+1-212-896-1206 / +1-212-896-1269
rfink@kcsa.com / cmillaway@kcsa.com
SOURCE ClickSoftware Technologies Ltd