BURLINGTON, Mass., July 24, 2013 /PRNewswire/ -- ClickSoftware
Technologies Ltd. (NasdaqGS: CKSW), the leading provider of
automated mobile workforce management and optimization solutions
for the service industry, today announced results for the second
quarter ended June 30, 2013.
Highlights
- Revenues were $24.7 million (10%
year-over-year growth)
- GAAP EPS $(0.09); Non-GAAP EPS
$(0.07)
- Total cash and investments decreased to $54.4 million
- Cash used in operations was $2.5
million
For the second quarter ended June 30,
2013, total revenues were $24.7
million, up 10% from $22.5
million in the second quarter of 2012. Net loss for the
second quarter of 2013 was $2.9
million, or ($0.09) loss per
fully diluted share, compared to net income of $0.1 million, or $0.00 per fully diluted share, for the same
period last year. Non-GAAP net loss for the quarter was
$2.3 million, or ($0.07) loss per fully diluted share, compared to
$1.0 million, or $0.03 per fully diluted share, for the same
period last year.
Software license revenues for the second quarter of 2013 were
$6.1 million, down 4% compared with
software license revenues of $6.3
million for the same period last year. Service and
maintenance revenues were $18.6
million, up 15% compared with service and maintenance
revenues of $16.2 million in the same
period last year.
Gross profit in the second quarter of 2013 was $13.5 million, or 55% of revenues, compared to
$12.7 million, or 57% of revenues, in
the same period last year.
Net cash used in operating activities was $2.5 million during the second quarter of
2013. Following a $2.5 million
cash dividend payment, cash, cash equivalents and short and
long-term investments at the end of the second quarter of 2013 were
$54.4 million, a decrease of
$5.9 million compared to the end of
the first quarter of 2013.
Management Commentary
"We continue to implement our strategy focused on growing our
mobile and cloud revenues and remain confident doing so will
properly position us to extend our leadership in the workforce
management space and secure profitable revenue growth over the long
term. Revenues in the second quarter, while still representing 10%
year-over-year growth, came in lower than expected. This is
primarily due to a faster than expected shift in our revenues to
cloud-based software-as-a-service (SaaS) sales, which also caused
some delays in deal closing processes and smaller initial deal
size. Still, the cloud trend is a positive development for
ClickSoftware that will benefit us over the long-term," said Dr.
Moshe BenBassat, ClickSoftware's CEO
and Founder. "Additionally, we continue to establish winning teams
in our growth territories – Latin
America and Russia. In some
countries, the macro economic conditions are challenging resulting
in longer than expected closing processes."
"Operationally, the number of new accounts we signed in the
second quarter and the number of orders received from existing
customers was considerably higher than our average. Some of these
are mid-market customers which bought our cloud-based solutions
that also include mobility components. This trend, together with
our growing enterprise mobility apps and the new partnerships with
Salesforce.com and others, will allow ClickSoftware to maintain our
premium positioning and sustain competitive advantages over our
competition," Dr. BenBassat added.
Financial Outlook
As communicated on July 8, 2013,
full year 2013 revenues are expected to be between $110 million to $115 million, representing about
10% to 15% growth over 2012. Non-GAAP fully diluted earnings per
share for 2013 is expected to be in the range of $0.10 to $0.18, which excludes share-based
compensation, deferred taxes expense (net of tax payment for
previous years retained earnings) and amortization of intangible
assets costs of approximately $0.08,
$0.01 and $0.00 per fully diluted share, respectively. GAAP
fully diluted earnings per share is expected to be in the range of
$0.02 to $0.10.
Cash Dividend
ClickSoftware also announced today that on July 22, 2013, its Board of Directors approved a
$0.05 per share dividend to be paid
on August 21, 2013 to all
shareholders of record as of the close of business on August 7, 2013. The dividend will be paid net of
any required tax. The Company does not have a formal policy
governing the amounts and payment of dividends, and the declaration
and payment of future dividends, if any, is at the discretion of
the Company's Board of Directors.
Investors Conference Call
ClickSoftware will host a conference call today at 9:00 a.m. EDT to discuss its financial results
and other matters discussed in this press release, as well as
answer questions from the investment community. To
participate, please call (888) 668-9141 and ask for the
ClickSoftware conference call. International participants, please
call +972-3-918-0609. The call will be broadcasted by live webcast
on the internet (in listen mode only) at
http://ir.clicksoftware.com. A replay of this webcast will be
available on the ClickSoftware website and on the Investor
Relations App. Alternatively, a telephone replay of the call will
be available for a week by calling (888) 782-4291 (international
callers can dial +972-3-925-5927).
About ClickSoftware
ClickSoftware (NasdaqGS: CKSW) is the leading provider of
automated mobile workforce management and service optimization
solutions for the enterprise, both for mobile and in-house
resources. As pioneers of the "Service chain optimization" and "The
real-time service enterprise" concepts, our solutions provide
organizations with end-to-end visibility and control of the entire
service management chain by optimizing forecasting, planning, shift
and task scheduling, mobility and real-time management of resource
and customer communication.
Available via the cloud or on-premise, our products incorporate
best business practices and advanced decision-making algorithms to
manage service operations more efficiently, in a scalable,
integrated manner. Our solutions have become the backbone for many
leading organizations worldwide by addressing the fundamental
question of job fulfillment: Who does What, for Whom, With what,
Where and When.
ClickSoftware is the premier choice for delivering superb
business performance to service sector organizations of all sizes.
The Company is headquartered in the
United States and Israel,
with offices across Europe,
Latin America and Asia Pacific. For more information, please
visit www.clicksoftware.com and follow us on Twitter, the
content of which is not a part of this press release.
To download ClickSoftware's investor relations app, which offers
access to SEC documents, press releases, videos, audiocasts and
more, please visit
https://itunes.apple.com/us/app/cksw-ir/id530880886?mt=8 to
download on your iPhone and iPad, or
https://play.google.com/store/apps/details?id=com.theirapp.ckswir&hl=en
for your Android mobile device.
Use of Non-GAAP Financial Results
In addition to disclosing financial results calculated in
accordance with U.S. generally accepted accounting principles
(GAAP), the Company's earnings release contains Non-GAAP financial
measures of net income and net income per share that exclude the
effects of share-based compensation, tax benefit related to the
update of deferred tax asset, previous years retained earnings tax
and the amortization of acquired intangible assets. The Company's
management believes the Non-GAAP financial information provided in
this release is useful to investors' understanding and assessment
of the Company's on-going core operations and prospects for the
future. Management also uses both GAAP and Non-GAAP
information in evaluating and operating business internally and as
such deemed it important to provide all this information to
investors. The Non-GAAP financial measures disclosed by the
Company should not be considered in isolation or as a substitute
for, or superior to, financial measures calculated in accordance
with GAAP, and the financial results calculated in accordance with
GAAP and reconciliations to those financial statements should be
carefully evaluated. Reconciliations between GAAP measures
and Non-GAAP measures are provided later in 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 future results of operations, including
expected increase in market share and revenue growth, contribution
of cloud-based sales, our outlook for full year 2013 revenues and
GAAP and non-GAAP earnings per share, and expectations of future
dividends. 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, more
attractive investments than dividends that may become available,
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, the impact of the Cloud
model on initial transaction size 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, 2012 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.
Note: Financial Schedules Attached
|
ClickSoftware
Technologies Ltd.
|
|
CONSOLIDATED
STATEMENTS OF OPERATIONS
|
|
(Unaudited. In
thousands, except share and per share amounts)
|
|
|
|
|
|
|
|
|
|
|
|
Three Months
Ended
|
|
|
|
June 30,
2013
|
|
June 30,
2012
|
|
|
|
$
|
% of
Revenues
|
|
$
|
% of
Revenues
|
|
Revenues:
|
|
|
|
|
|
|
Software
license
|
$
6,076
|
25%
|
|
$
6,307
|
28%
|
|
Services
|
18,584
|
75%
|
|
16,175
|
72%
|
|
|
Total
revenues
|
24,660
|
100%
|
|
22,482
|
100%
|
|
|
|
|
|
|
|
|
|
Cost of
revenues:
|
|
|
|
|
|
|
Software
license
|
1,004
|
4%
|
|
640
|
3%
|
|
Services
|
10,181
|
41%
|
|
9,115
|
41%
|
|
|
Total cost of
revenues
|
11,185
|
45%
|
|
9,755
|
43%
|
|
|
|
|
|
|
|
|
|
Gross
Profit
|
13,475
|
55%
|
|
12,727
|
57%
|
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
Research and
development costs, net
|
4,019
|
16%
|
|
2,979
|
13%
|
|
Selling and
marketing expenses
|
10,269
|
42%
|
|
7,403
|
33%
|
|
General and
administrative expenses
|
2,292
|
9%
|
|
2,255
|
10%
|
|
|
Total operating
expenses
|
16,580
|
67%
|
|
12,637
|
56%
|
|
|
|
|
|
|
|
|
|
Operating (loss)
income
|
(3,105)
|
(13%)
|
|
90
|
0%
|
|
Interest income,
net
|
290
|
1%
|
|
27
|
0%
|
|
Net (loss) income
before taxes
|
$
(2,815)
|
(11%)
|
|
$
117
|
1%
|
|
Tax expense,
net
|
100
|
0%
|
|
44
|
0%
|
|
Net (loss)
income
|
$
(2,915)
|
(12%)
|
|
$
73
|
0%
|
|
|
|
|
|
|
|
|
|
Net (loss)
earnings per ordinary share:
|
|
|
|
|
|
|
Basic
|
$
(0.09)
|
|
|
$
0.00
|
|
|
Diluted
|
$
(0.09)
|
|
|
$
0.00
|
|
|
|
|
|
|
|
|
|
|
Shares used in
computing basic
net (loss) income
per share
|
31,926,052
|
|
|
31,545,346
|
|
|
Shares used in
computing diluted
net (loss) income
per share
|
32,955,793
|
|
|
32,867,492
|
|
|
|
|
|
|
|
|
|
|
ClickSoftware
Technologies Ltd.
|
|
CONSOLIDATED
STATEMENTS OF OPERATIONS
|
|
(Unaudited. In
thousands, except share and per share amounts)
|
|
|
|
|
|
|
|
|
|
|
|
Six Months
Ended
|
|
|
|
June 30,
2013
|
|
June 30,
2012
|
|
|
|
$
|
% of
Revenues
|
|
$
|
% of
Revenues
|
|
Revenues:
|
|
|
|
|
|
|
Software
license
|
$
13,115
|
27%
|
|
$
12,725
|
29%
|
|
Services
|
36,085
|
73%
|
|
31,605
|
71%
|
|
|
Total
revenues
|
49,200
|
100%
|
|
44,330
|
100%
|
|
|
|
|
|
|
|
|
|
Cost of
revenues:
|
|
|
|
|
|
|
Software
license
|
2,061
|
4%
|
|
1,565
|
4%
|
|
Services
|
19,451
|
40%
|
|
17,599
|
40%
|
|
|
Total cost of
revenues
|
21,512
|
44%
|
|
19,164
|
43%
|
|
|
|
|
|
|
|
|
|
Gross
Profit
|
27,688
|
56%
|
|
25,166
|
57%
|
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
Research and
development costs, net
|
7,724
|
16%
|
|
5,650
|
13%
|
|
Selling and
marketing expenses
|
18,725
|
38%
|
|
14,737
|
33%
|
|
General and
administrative expenses
|
4,345
|
9%
|
|
4,197
|
9%
|
|
|
Total operating
expenses
|
30,794
|
63%
|
|
24,584
|
55%
|
|
|
|
|
|
|
|
|
|
Operating (loss)
income
|
(3,106)
|
(6%)
|
|
582
|
1%
|
|
Interest income,
net
|
563
|
1%
|
|
226
|
1%
|
|
Net (loss) income
before taxes
|
$
(2,543)
|
(5%)
|
|
$
808
|
2%
|
|
Tax expense,
net
|
287
|
1%
|
|
34
|
0%
|
|
Net (loss)
income
|
$
(2,830)
|
(6%)
|
|
$
774
|
2%
|
|
|
|
|
|
|
|
|
|
Net (loss)
earnings per ordinary share:
|
|
|
|
|
|
|
Basic
|
$
(0.09)
|
|
|
$
0.02
|
|
|
Diluted
|
$
(0.09)
|
|
|
$
0.02
|
|
|
|
|
|
|
|
|
|
|
Shares used in
computing basic
net (loss) income
per share
|
31,807,389
|
|
|
31,479,942
|
|
|
Shares used in
computing diluted
net (loss) income
per share
|
32,927,531
|
|
|
32,925,309
|
|
|
|
|
|
|
|
|
|
|
ClickSoftware
Technologies Ltd.
|
|
CONSOLIDATED
BALANCE SHEETS
|
|
(In thousands,
except share data)
|
|
|
|
|
|
|
|
|
|
June 30,
2013
|
|
December 31,
2012
|
|
|
|
(Unaudited)
|
|
(Audited)
|
|
|
|
ASSETS
|
|
|
|
|
CURRENT
ASSETS
|
|
|
|
|
Cash and cash
equivalents
|
$
19,231
|
|
$
12,793
|
|
Deposits
|
13,475
|
|
30,310
|
|
Marketable
securities
|
20,770
|
|
15,635
|
|
Trade receivables,
net
|
21,011
|
|
21,792
|
|
Deferred
taxes
|
890
|
|
220
|
|
Other receivables
and prepaid expenses
|
4,622
|
|
3,398
|
|
|
Total current
assets
|
79,999
|
|
84,148
|
|
|
|
|
|
|
|
|
LONG TERM
ASSETS
|
|
|
|
|
Property and
equipment, net
|
5,356
|
|
4,206
|
|
Deposits
|
897
|
|
621
|
|
Other receivables
and prepaid expenses
|
204
|
|
275
|
|
Deferred
taxes
|
1,350
|
|
1,230
|
|
Intangible assets,
net
|
271
|
|
452
|
|
Goodwill
|
1,572
|
|
1,572
|
|
Severance pay
funds
|
2,171
|
|
1,965
|
|
|
Total long term
assets
|
11,821
|
|
10,321
|
|
|
|
Total
Assets
|
$
91,820
|
|
$
94,469
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND
SHAREHOLDERS' EQUITY
|
|
|
|
|
CURRENT
LIABILITIES
|
|
|
|
|
Accounts payable
and accrued expenses
|
$
15,256
|
|
$
16,536
|
|
Deferred
revenues
|
13,361
|
|
9,047
|
|
|
Total current
liabilities
|
28,617
|
|
25,583
|
|
|
|
|
|
|
|
|
LONG TERM
LIABILITIES
|
|
|
|
|
Accrued severance
pay
|
4,818
|
|
4,465
|
|
Deferred
revenues
|
821
|
|
1,503
|
|
|
Total long term
liabilities
|
5,639
|
|
5,968
|
|
|
Total
liabilities
|
34,256
|
|
31,551
|
|
|
|
|
|
|
|
|
SHAREHOLDERS'
EQUITY
|
|
|
|
|
Ordinary shares of
NIS 0.02 par value
|
135
|
|
132
|
|
Additional paid-in
capital
|
89,881
|
|
87,566
|
|
Accumulated
deficit
|
(33,237)
|
|
(25,296)
|
|
Accumulated other
comprehensive income
|
828
|
|
559
|
|
Treasury stock, at
cost: 39,000 shares
|
(43)
|
|
(43)
|
|
|
Total
shareholders' equity
|
57,564
|
|
62,918
|
|
|
|
Total Liabilities
and shareholders' equity
|
$
91,820
|
|
$
94,469
|
|
|
|
|
|
|
|
|
ClickSoftware
Technologies Ltd.
|
|
CONSOLIDATED
STATEMENTS OF CASH FLOWS
|
|
(In
thousands)
|
|
|
|
|
|
|
|
|
|
Six Months
Ended
|
|
|
|
June 30,
2013
|
|
June 30,
2012
|
|
|
|
(Unaudited)
|
|
(Unaudited)
|
|
CASH FLOWS FROM
OPERATING ACTIVITIES
|
|
|
|
|
Net (loss)
income
|
$
(2,830)
|
|
$
774
|
|
Adjustments to
reconcile net (loss) income to net cash provided by operating
activities:
|
|
|
|
|
|
Income and expense
items not involving cash flows:
|
|
|
|
|
|
|
Depreciation
|
1,206
|
|
1,008
|
|
|
|
Amortization of
deferred compensation
|
1,189
|
|
1,232
|
|
|
|
Amortization of
acquired intangible assets
|
181
|
|
415
|
|
|
|
Severance pay,
net
|
147
|
|
285
|
|
|
|
Gain on marketable
securities
|
(172)
|
|
(71)
|
|
|
|
Other
|
46
|
|
3
|
|
|
Changes in
operating assets and liabilities:
|
|
|
|
|
|
|
Trade
receivables
|
781
|
|
1,747
|
|
|
|
Deferred
taxes
|
(790)
|
|
(120)
|
|
|
|
Other
receivables
|
(884)
|
|
(42)
|
|
|
|
Accounts payable
and accrued expenses
|
(1,280)
|
|
(1,883)
|
|
|
|
Deferred
revenues
|
3,632
|
|
(2,347)
|
|
Net cash provided
by operating activities
|
$
1,226
|
|
$
1,001
|
|
|
|
|
|
|
CASH FLOWS FROM
INVESTING ACTIVITIES
|
|
|
|
|
|
Purchase of
equipment
|
(2,402)
|
|
(1,600)
|
|
|
Increase in
deposits
|
16,559
|
|
4,303
|
|
|
Investments in
marketable securities
|
(9,034)
|
|
(725)
|
|
|
Proceeds from sale
of marketable securities
|
4,071
|
|
845
|
|
Net cash provided
by investment activities
|
$
9,194
|
|
$
2,823
|
|
|
|
|
|
|
CASH FLOWS FROM
FINANCING ACTIVITIES
|
|
|
|
|
|
Dividend
paid
|
(5,111)
|
|
(5,061)
|
|
|
Employee options
exercised
|
1,129
|
|
477
|
|
Net cash used in
financing activities
|
$
(3,982)
|
|
$
(4,584)
|
|
|
|
|
|
|
INCREASE
(DECREASE) IN CASH AND CASH EQUIVALENTS
|
6,438
|
|
(760)
|
|
CASH AND CASH
EQUIVALENTS AT BEGINNING OF PERIOD
|
12,793
|
|
14,683
|
|
CASH AND CASH
EQUIVALENTS AT END OF PERIOD
|
$
19,231
|
|
$
13,923
|
|
|
|
|
|
|
|
ClickSoftware
Technologies Ltd.
|
|
SUPPLEMENTAL
RECONCILIATIONS OF GAAP TO NON-GAAP RESULTS
|
|
(Unaudited. In
thousands, except per share amounts)
|
|
|
|
|
|
|
|
|
|
|
|
Three Months
Ended
|
|
|
|
June 30,
2013
|
|
June 30,
2012
|
|
|
|
$
|
% of
Revenues
|
|
$
|
% of
Revenues
|
|
|
|
|
|
|
|
GAAP Net (loss)
income
|
$
(2,915)
|
(12%)
|
|
$
73
|
0%
|
|
Share-based
compensation (1)
|
620
|
|
|
684
|
|
|
Amortization of
intangible assets (2)
|
51
|
|
|
174
|
|
|
Deferred
taxes
|
(70)
|
|
|
40
|
|
|
Non-GAAP Net
(loss) income
|
$
(2,314)
|
(9%)
|
|
$
971
|
4%
|
|
|
|
|
|
|
|
GAAP (loss)
Earnings per share (diluted)
|
$
(0.09)
|
|
|
$
0.00
|
|
|
Share-based
compensation
|
0.02
|
|
|
0.02
|
|
|
Amortization of
intangible assets
|
0.00
|
|
|
0.01
|
|
|
Deferred
taxes
|
0.00
|
|
|
0.00
|
|
|
Non-GAAP (loss)
Earnings per share (diluted)
|
$
(0.07)
|
|
|
$
0.03
|
|
|
|
|
|
|
|
|
|
(1)
Share-based compensation:
|
|
|
|
|
|
|
Cost of
services
|
$
91
|
|
|
$
82
|
|
|
Research and
development costs, net
|
75
|
|
|
64
|
|
|
Selling and
marketing expenses
|
177
|
|
|
156
|
|
|
General and
administrative expenses
|
277
|
|
|
382
|
|
|
$
620
|
|
|
$
684
|
|
|
|
|
|
|
|
|
(2)
Amortization of intangible assets:
|
|
|
|
|
|
|
Cost of
revenues
|
$
51
|
|
|
$
144
|
|
|
Research and
development costs, net
|
-
|
|
|
30
|
|
|
|
|
$
51
|
|
|
$
174
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ClickSoftware
Technologies Ltd.
|
|
SUPPLEMENTAL
RECONCILIATIONS OF GAAP TO NON-GAAP RESULTS
|
|
(Unaudited. In
thousands, except per share amounts)
|
|
|
|
|
|
|
|
|
|
|
|
Six Months
Ended
|
|
|
|
June 30,
2013
|
|
June 30,
2012
|
|
|
|
$
|
% of
Revenues
|
|
$
|
% of
Revenues
|
|
|
|
|
|
|
|
GAAP Net (loss)
income
|
$
(2,830)
|
(6%)
|
|
$
774
|
2%
|
|
Share-based
compensation (1)
|
1,189
|
|
|
1,232
|
|
|
Amortization of
intangible assets (2)
|
181
|
|
|
415
|
|
|
Tax payment for
previous years retained earnings*
|
744
|
|
|
-
|
|
|
Deferred
taxes
|
(790)
|
|
|
(120)
|
|
|
Non-GAAP Net
(loss) income
|
$
(1,506)
|
(3%)
|
|
$
2,301
|
5%
|
|
|
|
|
|
|
|
GAAP (loss)
Earnings per share (diluted)
|
$
(0.09)
|
|
|
$
0.02
|
|
|
Share-based
compensation
|
0.04
|
|
|
0.04
|
|
|
Amortization of
intangible assets
|
0.00
|
|
|
0.01
|
|
|
Tax payment for
previous years retained earnings*
|
0.02
|
|
|
0.00
|
|
|
Deferred
taxes
|
(0.02)
|
|
|
0.00
|
|
|
Non-GAAP (loss)
Earnings per share (diluted)
|
$
(0.05)
|
|
|
$
0.07
|
|
|
|
|
|
|
|
|
|
(1)
Share-based compensation:
|
|
|
|
|
|
|
Cost of
services
|
$
170
|
|
|
$
141
|
|
|
Research and
development costs, net
|
136
|
|
|
113
|
|
|
Selling and
marketing expenses
|
329
|
|
|
273
|
|
|
General and
administrative expenses
|
554
|
|
|
705
|
|
|
$
1,189
|
|
|
$
1,232
|
|
|
|
|
|
|
|
|
(2)
Amortization of intangible assets:
|
|
|
|
|
|
|
Cost of
revenues
|
$
152
|
|
|
$
355
|
|
|
Research and
development costs, net
|
29
|
|
|
60
|
|
|
|
|
$
181
|
|
|
$
415
|
|
|
|
|
|
|
|
|
|
|
* See Note 14.A to
our consolidated financial statements for the year ended December
31, 2012 included in
our Annual Report on Form 20-F, regarding November 2012
law
|
|
|
|
|
|
|
|
|
|
ClickSoftware
Contact:
|
Investor Relations
Contact:
|
|
Noa
Schuman
|
Rob Fink
|
|
Investor
Relations
|
KCSA Strategic
Communications
|
|
+972-3-7659-467
|
212-896-1206
|
|
Noa.Schuman@clicksoftware.com
|
rfink@kcsa.com
|
SOURCE ClickSoftware Technologies Ltd.