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ClickSoftware Reports Financial Results For The First Quarter Ended March 31, 2012

Stocks in this article: CKSW

Outlook

The Company reiterates the previously provided year 2012 guidance of revenues in the approximate range of $100 to $105 million, representing about 15% to 21% growth over 2011.

Cash Dividend

ClickSoftware also announced today that on April 30, 2012, its Board of Directors approved the distribution of a $0.08 per share dividend to be paid on May 30, 2012 to all shareholders of record as of the close of business on May 16, 2012. The dividend will be paid net of any required tax. The Company does not have a formal policy governing the amounts and payment of dividends, and the declaration and payment of future dividends, if any, is at the discretion of the Company's Board of Directors.  

Shmuel Arvatz, ClickSoftware's CFO said: "Our current cash position combined with our steady cash flow from operations make a dividend payment a good vehicle to enhance value and allow our shareholders to participate in our success."

Investors Conference Call

ClickSoftware will host a conference call today at 9:00 a.m. EDT to discuss its financial results and other matters discussed in this press release, as well as answer questions from the investment community.  To participate, please call (888) 668-9141 and ask for the ClickSoftware conference call. International participants, please call +972-3-918-0609. The call will be broadcasted by live webcast on the internet (in listen mode only) at http://ir.clicksoftware.com.  A replay of this webcast will be available on the ClickSoftware website. Alternatively, a telephone replay of the call will be available for a week by calling (888) 326-9310 (international callers can dial +972-3-925-5900).

About ClickSoftware

ClickSoftware is the leading provider of automated workforce management and optimization solutions for every size of service business. Our portfolio of solutions, available on demand and on premise, creates business value through higher levels of productivity, customer satisfaction and operational efficiency. Our patented concept of 'continuous planning and scheduling' incorporates customer demand forecasting, long and short term capacity planning, shift planning, real-time scheduling, mobility and location-based services, as well as on-going communication with the consumer on the expected arrival time of the service resource.

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