ClickSoftware (CKSW) Tops Q1 EPS by 10c

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ClickSoftware Reports Financial Results for the First Quarter Ended March 31, 2015

May 6, 2015 4:00 AM EDT

BURLINGTON, Mass., May 6, 2015 /PRNewswire/ -- ClickSoftware Technologies Ltd. (Nasdaq GS: CKSW), the leading provider of automated mobile workforce management and optimization solutions for the service industry, today announced results for the first quarter ended March 31, 2015.

First Quarter 2015 Highlights

Revenues of $26.7 million, down 6% year-over-year; Recurring revenues from cloud subscriptions and support reached 52% of total revenues;  82% of new customers purchased cloud solutions; Non-GAAP net loss of $3.7 million, or $0.11 per fully diluted share; Cash increased to $46.5 million, from $45 million at the... More