ClickSoftware Expects Record Revenues of $15.5 to $16 Million for the Third Quarter of 2008
02 Outubro 2008 - 10:18AM
PR Newswire (US)
Annual Revenues are Estimated at $52 to $54 Million Dollars,
Exceeding the Annual Guidance of $48 to $50 Million Provided at the
Beginning of the Year BURLINGTON, Massachusetts, October 2
/PRNewswire-FirstCall/ -- ClickSoftware Technologies, Ltd.
(NasdaqCM: CKSW), the leading provider of mobile workforce
management and service optimization solutions, today announced
strong preliminary results for the third quarter ended September
30, 2008. Based on preliminary estimates, the Company expects
record revenues for 3Q08 at an approximate range of $15.5 to $16
million. The Company also provided a further update with respect to
its annual guidance. At the beginning of the year, the Company gave
top-line guidance of $48 to $50 million, representing an increase
in revenues of 20% to 25% year-over-year. Following the second
quarter, the Company reiterated that this range was achievable.
With a significant number of contracts already in hand, and
revenues from these contracts planned to be recognized in the third
and fourth quarters of 2008, the Company currently expects that it
shall achieve annual revenues in the range of approximately $52 to
$54 million dollars, exceeding the annual guidance and bringing the
year-over-year growth to the approximate range of 30% to 35%. These
preliminary results are based on the Company's initial analysis of
operating results and are subject to change as additional financial
information becomes available. The Company will report final
results for the third quarter on October 29, 2008. A news release
announcing dial-in and webcasting details for the conference call
will be issued in advance. About ClickSoftware ClickSoftware is the
leading provider of mobile workforce management and service
optimization solutions that create business value for service
operations through higher levels of productivity, customer
satisfaction and cost effectiveness. Combining educational,
implementation and support services with best practices and its
industry leading solutions, ClickSoftware drives service decision
making across all levels of the organization. From proactive
customer demand forecasting and capacity planning to real-time
decision-making, incorporating scheduling, mobility and location
based services, ClickSoftware helps service organizations get the
most out of their resources. With over 100 customers across a
variety of industries and geographies, and strong partnerships with
leading platform and system integration partners - ClickSoftware is
uniquely positioned to deliver superb business performance to any
organization. The company is headquartered in Burlington, MA and
Israel, with offices in Europe, and Asia Pacific. This press
release contains express or implied forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Exchange Act. These forward-looking
statements include, but are not limited to, those regarding
preliminary results of operations for the third quarter of 2008 and
expectations regarding future closing of contracts and recognition
of revenue of ClickSoftware or any of its subsidiaries. Such
"forward-looking statements" involve known and unknown risks,
uncertainties and other factors, which may cause actual results or
performance to be materially different from those projected.
ClickSoftware's achievement of these results may be affected by
many factors, including among others, the following risks: the
risks that ClickSoftware's financial results for the third quarter
of 2008 may be different from preliminary results as additional
financial information becomes available; that results for the third
quarter of 2008 may vary depending on the final determination of
revenue, cost of revenue, operating expenses and cash balances;
that results for the third quarter of 2008 may differ from
preliminary results based on the review of ClickSoftware's
independent accountants and the audit committee; that ClickSoftware
may fail to expand its relationships with third parties that
provide implementation and professional services to its clients;
the impact of competitive pricing and competitive products; risks
relating to product development, and other risks associated with
ClickSoftware's business. The forward-looking statements contained
in this press release are subject to other risks and uncertainties,
including those discussed in ClickSoftware's annual report on Form
20F for the year ended December 31, 2007 and subsequent filings
with the Securities and Exchange Commission. The Company 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. For more
information about ClickSoftware, please call +1-781-272-5903 or
+1-888-438-3308, or visit http://www.clicksoftware.com/. Contacts:
Shmuel Arvatz Adam J. Rosen Chief Financial Officer +1-646-536-3865
+972-3-765-9467 DATASOURCE: ClickSoftware Technologies Ltd CONTACT:
Contacts: Shmuel Arvatz Adam J. Rosen, Chief Financial Officer
+1-646-536-3865, +972-3-765-9467 ,
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