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ClickSoftware Announces Strategic Plan To Accelerate Revenue Growth

Stocks in this article: CKSW

"We are confident that our achievements in 2012 and the momentum we have built in our pipeline have set the stage for significant growth in 2013 and beyond," said Dr. Moshe BenBassat, ClickSoftware's Chairman and CEO. "We deliver measurable and quantifiable value to our customers, leveraging the capabilities of modern smartphones and tablets to introduce whole new layers of incremental business gains and efficiencies: group optimization without mobility, group optimization with mobility, individual productivity optimization via mobility, and the Butler-driven business gains."

Dr. BenBassat continued, "We expect our global expansion, reinforced by our enhanced product portfolio, to drive significant top line growth of more than 20% year-over-year in 2013.  We will continue to expand our addressable market to include every mobility-driven client, and into new territories by establishing a local presence in emerging countries.  While this growth will require investment in R&D and Sales & Marketing that will impact our operational margins in the first half of the 2013, we expect to see our investment pay off with gradual improvement in profitability starting in the second half of 2013."

"Our strategy builds on the groundwork we laid in 2012. We're confident that the investments we made in our business will ensure our strategic initiatives prosper in 2013," Dr. BenBassat added. "Our strong partnerships have helped us expand our global footprint and opened new and exciting opportunities for us. And it comes at a great time. Demand for our mobility solutions keeps growing as smartphone and tablet adoption rises. Our products and services are crucial to helping our customers collaborate and stay connected wherever they are, whether it is in the field, at home, or in the office."

ClickSoftware will release its 2012 fourth quarter and year-end financial results on Monday, February 4, 2013, during pre-market hours.  A press release announcing dial-in and webcasting details for the related conference call will be issued in advance.

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