Clicksoftware Technologies Ltd - Report of Foreign Issuer (6-K)
02 Outubro 2008 - 11:31AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
For the month of: October 2008
Commission File Number: 000-30827
CLICKSOFTWARE TECHNOLOGIES LTD.
(Translation of registrant's name into English)
2 Rechavam Ze'evi Street
Givat Shmuel 54017, Israel
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.
Form 20-F |X| Form 40-F |_|
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulations S-T Rule 101(b)(1):_____
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulations S-T Rule 101(b)(7):_____
Indicate by check mark, whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes |_| No |X|
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b):___
Attached hereto and incorporated by reference herein is the registrant's
press release announcing its preliminary financial results for the third quarter
ended September 30, 2008 and an update of the annual revenues, issued on October
2, 2008.
The information in this Form 6-K of CLICKSOFTWARE TECHNOLOGIES LTD. is
incorporated by reference into the Form S-8 of the Company, registration number
333-149825, filed with the Securities and Exchange Commission on March 20, 2008.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
CLICKSOFTWARE TECHNOLOGIES LTD.
(Registrant)
By: /s/ Shmuel Arvatz
-----------------------------------
Name: Shmuel Arvatz
Title: Executive Vice President and
Chief Financial Officer
Date: October 2, 2008
|
Contacts:
Shmuel Arvatz Adam J. Rosen
Chief Financial Officer (646) 536-3865
+972-3-765-9467 arosen@rkequity.com
Shmuel.Arvatz@clicksoftware.com
|
ClickSoftware Expects Record Revenues of $15.5 to $16 Million for the
Third Quarter of 2008
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, MA, October 2, 2008 - 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.
For more information about ClickSoftware, please call (781) 272-5903 or (888)
438-3308, or visit www.clicksoftware.com.
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.
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