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ClickSoftware Technologies Ltd. (CKSW) Predicts Record Revenues for the Fourth Quarter of 2009

ClickSoftware Technologies Ltd., a leading provider of workforce management and service optimization solutions that create business value, including higher levels of productivity, customer satisfaction and cost effectiveness, recently announced that the company expects record revenues in the fourth quarter of 2009 of approximately $17 million. This estimate exceeds the company’s previous guidance of between $16.0 million and $16.7 million.

The strong fourth quarter will lead to annual revenues of approximately $61 million for fiscal year 2009, compared to annual revenues of $52.3 million in fiscal year 2008. ClickSoftware expects to report financial results for the fourth quarter and fiscal year 2009 in early February 2010. The assessment for the fourth quarter of 2009 is based on the company’s initial analysis and is subject to change.

Dr. Moshe BenBassat, ClickSoftware’s chairman and chief executive officer, stated, “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.” Dr. BenBassat continued, “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.”

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