logo
Share SHARE
FONT-SIZE Plus   Neg

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

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Hartford Financial reported a decline in first-quarter profit, despite growth in premiums, due mainly to the absence of gains recorded last year. Apple Inc. said Monday after the markets closed that its second quarter profit rose 33% from last year, driven by strong sales of iPhone and Mac as well as all-time record performance of the App Store. The company's quarterly earnings per share also breezed past Wall Street expectations as did its quarterly sales. C.H. Robinson Worldwide Inc. (CHRW), one of the largest transportation logistics firm in North America, Monday reported an increase in first-quarter profit, driven largely by a 5 percent revenue growth. However, earnings for the quarter fell short of Wall Street estimates by a penny, as did revenues. Eden...
comments powered by Disqus
Follow RTT