Rally Software loss widens despite revenue increase

BOULDER — Rally Software Development Corp. (NYSE: RALY) reported a loss of $33.8 million for its fiscal year 2015 that ended Jan. 31.

The Boulder-based software developer reported revenue of $87.5 million for the year, an increase of 18 percent compared with the prior year. The loss for the year, which equated to $1.35 per share, compared with a loss of $20.1 million, or $1.01 per share, in fiscal year 2014.

For its fourth quarter, Rally reported record quarterly revenue of $24.6 million, an increase of 25 percent compared with the same period one year ago. It reported for the quarter a net loss of $9 million, or 35 cents per share, compared with a loss of $6.3 million, or 26 cents per share, for the same quarter a year ago.

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Rally picked up nearly two dozen new customers during the fourth quarter.

Rally estimates it will reach revenue for its fiscal year 2016 between $103.5 million to $105.5 million, 18 percent to 21 percent growth compared with fiscal year 2015.