The share jumped 6.4% at the opening on Nasdaq.
Workforce management and service optimization solutions developer ClickSoftware Technologies Ltd. (Nasdaq: CKSW) today raised its fourth quarter revenue guidance to $17 million from $16-16.7 million. The company also raised its full-year guidance to $61 million, compared with $52.3 million revenue in 2008.
ClickSoftware's share rose 6.4% at the opening to $7.37, giving a market cap of $214 million.
ClickSoftware chairman and CEO Dr. Moshe BenBassat said, "With excellent performance in the fourth quarter, we are approaching the end of 2009 with solid financial results giving us another year of significant revenues growth. Strong bookings in the fourth quarter will contribute to the existing backlog and deferred revenues, providing us with high visibility into 2010. Our sales pipeline also keeps growing, and we believe that the level with which we start 2010 will generate strong growth in 2010.
Published by Globes [online], Israel business news - www.globes-online.com - on December 29, 2009
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