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

ClickSoftware Technologies Ltd.'s (CKSW) 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

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