ClickSoftware signs multi-million dollar deal with Philips Medical - TheStreet

ClickSoftware Technologies (Nasdaq:CKSW), which provides service optimization solutions to service organizations, signed a contract worth a few million dollars with Philips Medical Systems, to supply licenses for its optimal service timing solution, ClickSchedule, and for its wireless real time follow up solution, ClickMobile. Philips Medical, which has offices in more than 100 countries, will use the ClickSoftware solutions in its SAP system to improve its global service system.

ClickSoftware ended Q3 2001 with revenues of about $2.7 million, 46% lower than its Q2 revenues of about $5 million. Net loss in Q3 totaled $4.1 million, or 16 cents per share.

The new contract boosted the share 6.5% to $1.95 on Nasdaq last night, setting its market cap at $51 million.