ClickSoftware (CKSW) Drops as Q410, FY10 Revs Expected to Miss Views
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ClickSoftware Technologies Ltd. (Nasdaq: CKSW) takes a dive today following guidance that has the company missing Q410 and FY10 revenue outlooks. The stock is down 9.7% after hours.
CKSW anticipates Q410 revs of about $18 million. Consensus is looking for revs of $19.97 million. They also expect FY10 revs of about $70.5 million. The consensus calls for revs of $72.50 million.
"While revenues for the fourth quarter are below guidance, the momentum in winning new customers continues. New business booking during the fourth quarter was strong, well above revenues, resulting in a significant increase in backlog and deferred revenues for 2011," said Dr. Moshe BenBassat, ClickSoftware's Chairman and CEO.
CKSW anticipates Q410 revs of about $18 million. Consensus is looking for revs of $19.97 million. They also expect FY10 revs of about $70.5 million. The consensus calls for revs of $72.50 million.
"While revenues for the fourth quarter are below guidance, the momentum in winning new customers continues. New business booking during the fourth quarter was strong, well above revenues, resulting in a significant increase in backlog and deferred revenues for 2011," said Dr. Moshe BenBassat, ClickSoftware's Chairman and CEO.
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