ClickSoftware Technologies Ltd. (CKSW)

[pwise]

ClickSoftware Reaffirms FY 2011 Revenue Guidance; Declares Cash Dividend

ClickSoftware reaffirmed fiscal 2011 guidance and expects revenues in the approximate range of $81.5-$85.0 million, representing about 15%-20% growth over fiscal 2010. According to the Reuters Estimates, analysts are expecting the Company to report revenue of $83.4 million for fiscal 2011. The Company also announced that on April 27, 2011, its Board of Directors approved the distribution of a $0.32 per share dividend to be paid quarterly in four equal amounts over the next four quarters. The first quarterly dividend of $0.08 per ordinary share will be paid on May 26, 2011 to all shareholders of record as of the close of business on May 12, 2011. The dividend will be paid net of any required tax. This is the first cash dividend paid to shareholders in the Company's history. The declaration and payment of future dividends is at the discretion of the Company's Board of Directors.

http://www.reuters.com/finance/stocks/keyDevelopments?rpc=66&symbol=CKSW.O×tamp=20110428070000