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ClickSoftware Stumbles on Lowered Forecast (CKSW)

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By Paul Ausick Published
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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.

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About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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