Workforce management software maker ClickSoftware Technologies Ltd. (NASDAQ: CKSW) this morning forecast revenue for its first fiscal quarter at approximately $21.6 million, substantially lower than the $23.4 million consensus analyst estimate. The company said it is leaving its full-year revenue forecast at $100-$105 million. Analysts put the full-year revenue number at $102.9 million.
The company’s CEO said:
While first quarter revenues came in somewhat below expectations, I would not read into this more than a seasonal first quarter softness. We continue to make intense progress with our new mobility initiative and other growth plans, and are very excited with the opportunities in the market.
ClickSoftware’s shares are down about -14% at $10.76 in a 52-week range of 7.12-$13.07.