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ClickSoftware Technologies Q1 Profit Down; Backs FY13 Outlook - Quick Facts

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4/24/2013 5:11 AM ET

ClickSoftware Technologies Ltd.'s (CKSW: Quote) net income for the first quarter of 2013 was $0.1 million, or break even per share, compared to net income of $0.7 million, or $0.02 per share, for the same period last year.

Non-GAAP net income for the quarter was $0.8 million, or $0.02 per share, compared to $1.3 million, or $0.04 per share, for the same period last year.

Total revenues for the quarter were $24.5 million, up 12% from $21.8 million in the first quarter of 2012.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.03 per share on revenues of $26.33 million for the quarter. Analysts' estimates typically exclude special items.

ClickSoftware reiterated the previously provided full year 2013 guidance. Revenues are expected to be in the range of $120 million to $125 million, representing about 20% to 25% growth over 2012. Non-GAAP earnings per share for 2013 is expected to be in the range of $0.24 to $0.30, which excludes share-based compensation, deferred taxes expense and amortization of intangible assets costs of approximately $0.08, $0.01 and $0.01 per share respectively. GAAP earnings per share is expected to be in the range of $0.14 to $0.20. Analysts expect the company to report earnings of $0.28 per share on revenues of $120.83 million for fiscal 2013.

ClickSoftware also announced that its Board of Directors approved a $0.08 per share dividend to be paid on May 22, 2013 to all shareholders of record as of the close of business on May 8, 2013.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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