ClickSoftware Expects to Exceed the High End of its Guidance With Record Revenues for the Fourth Quarter of 2009
28 Dezembro 2009 - 11:30PM
PR Newswire (US)
Also Expects Strong Bookings BURLINGTON, Massachusetts, December 29
/PRNewswire-FirstCall/ -- ClickSoftware Technologies Ltd.
(NasdaqGS: CKSW), the leading provider of workforce management and
service optimization solutions, today announced that it expects
record revenues at the fourth quarter of 2009 of about $17 million,
exceeding its previous guidance of an approximate range of $16.0 to
$16.7 million. These anticipated quarterly revenues will lead to
annual revenues of about $61 million in fiscal year 2009, compared
to annual revenues of $52.3 million in fiscal year 2008. "With
excellent performance in the fourth quarter, we are approaching the
end of 2009 with solid financial results giving us another year of
significant revenues growth," says Dr. Moshe BenBassat,
ClickSoftware's Chairman and CEO. "Strong bookings in the fourth
quarter will contribute to the existing backlog and deferred
revenues, providing us with high visibility into 2010. Our sales
pipeline also keeps growing, and we believe that the level with
which we start 2010 will generate strong growth in 2010." The above
assessment for the fourth quarter of 2009 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 fourth quarter and fiscal year 2009
in early February 2010. 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 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 150 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. For more information about
ClickSoftware, please call +1-781-272-5903 or +1-888-438-3308, or
visit http://www.clicksoftware.com/. 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, visibility into future periods, growth and rates of
growth, and expectations regarding future closing of contracts,
receipt of orders, recognition of revenues and deferred revenues.
For example, when we discuss our expected revenues for the fourth
quarter of 2009 and for year 2009, our long term momentum, our
visibility into 2010 and our growth in 2010, we are using
forward-looking statements. 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, 2008 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. Contacts: Shmuel Arvatz
Chief Financial Officer +972-3-765-9400 Noa Schuman Investor
Relations +972-3-7659-467 DATASOURCE: ClickSoftware Technologies
Ltd CONTACT: Contacts: Shmuel Arvatz, Chief Financial Officer,
+972-3-765-9400, ; Noa Schuman, Investor Relations,
+972-3-7659-467,
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