BURLINGTON, Massachusetts,
April 9, 2012 /PRNewswire/ --
ClickSoftware Technologies Ltd. (NasdaqGS: CKSW), the leading
provider of automated workforce management and optimization
solutions for the service industry, today announced that it
anticipates revenues for the first quarter ended March 31, 2012 to be approximately $21.6 million, up about 12% compared to the first
quarter of 2011 . The Company estimates that its cash,
cash-equivalents, short and long-term investments were
approximately $54.3 million as of
March 31, 2012. The Company
reiterates its 2012 annual guidance for revenues of $100 million to $105 million.
"First quarter 2012 revenues represent approximately 12% year
over year growth, bookings and backlog were healthy, and we expect
annual revenues to be in line with our previously stated guidance.
While first quarter revenues came in somewhat below expectations, I
would not read into this more than a seasonal first quarter
softness," said Dr. Moshe BenBassat,
ClickSoftware's Chairman and CEO. "We continue to make intense
progress with our new mobility initiative and other growth plans,
and are very excited with the opportunities in the market."
The above assessment for the first quarter of 2012 is based on
the Company's initial analysis and is subject to change as
additional financial information becomes available.
ClickSoftware will release its first quarter financial
results on Wednesday, May 2, 2012,
during pre-market hours. A news release announcing dial-in and
webcasting details for the related 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
premises, create 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 30 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. Follow us on Twitter.
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 our expected revenues for the first
quarter and full year 2012, our anticipated cash, cash-equivalents
and investments as of March 31, 2012,
our expectations regarding our mobile initiative and growth plans
and expected market opportunities. 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, 2011 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
KCSA Strategic Communications
+1-212-896-1206
rfink@kcsa.com
SOURCE ClickSoftware Technologies Ltd