BURLINGTON, Mass., Jan. 13, 2014 /PRNewswire/ -- ClickSoftware
Technologies Ltd. (NasdaqGS: CKSW), the leading provider of
automated workforce management and optimization solutions for the
service industry, today announced that it expects record revenues
of approximately $30.5 million in the
fourth quarter of 2013, exceeding its guidance of $26 to $28 million. For the full year 2013
revenues are expected to reach approximately $103 million.
Based on preliminary estimates of operating costs it is also
expected that profitability will be achieved in fourth quarter of
2013. Cash, cash-equivalents, short and long-term investments
continued to grow, increasing by about $2.3
million during the fourth quarter, reaching about
$58 million as of December 31, 2013.
"We saw a remarkable improvement in our business during the
fourth quarter leading to strong results that exceeded
expectations," commented Dr. Moshe
BenBassat, ClickSoftware's Founder and CEO. "We added a
record nineteen new customers in the fourth quarter, more than 50%
of which are cloud customers. Our ability to offer solutions both
in the cloud and on premise is a key competitive advantage which
has strengthened our position as the market leader of workforce
management and service optimization."
Dr. Moshe BenBassat added, "We
are entering the new year with a lot of momentum and feel very
strongly that our successful transition to the cloud will be
supported by a material increase in recurring revenues in the
second half of 2014."
The above assessment for the fourth quarter of 2013 is based on
the Company's initial analysis and is subject to change as
additional financial information becomes
available. ClickSoftware will provide an update and release
additional fourth quarter and annual financial results and will
provide an update regarding its annual guidance on Wednesday, February 5, 2014, during pre-market
hours. A press release announcing dial-in and webcasting details
for the related conference call will be issued in advance.
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, and
Asia Pacific. For more
information, please visit http://www.clicksoftware.com. Follow us
on Twitter, the content of which is not incorporated herein by
reference.
To download ClickSoftware's investor relations app, which offers
access to SEC documents, press releases, videos, audiocasts and
more, the content of which is not incorporated herein by reference,
please visit Apple's App Store to download on your iPhone and iPad,
or Google Play for your Android mobile device.
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, profitability and cash,
cash equivalents, short and long-term investments for and as of the
end of the fourth quarter of 2013, and our momentum and
expectations for 2014. 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,
adjustments in connection with the finalization of our full year
2013 results, risks and uncertainties regarding the general
economic outlook, customer needs and anticipated orders, 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, 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.
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.