Dec 29 - 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.
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