Rally Software Q2 2014 revenues up 36%

Rally (NYSE: RALY) said its second quarter 2014 subscription and support revenue increased 36% over the same period one year ago to USD14.2m.

Rally reported total revenue of USD19.8m, an increase of 45% over the same period one year ago.

The company increased net new seats by 7,900 in the quarter, bringing total paid seat count to more than 192,000.

Rally Software Development provides cloud based solutions for managing Agile software development activities worldwide. The company was formerly known as F4 Technologies, Inc. and changed its name to Rally Software Development Corp. in April 2004. Rally Software Development was founded in 2001 and is headquartered in Boulder, Colorado. The company´s website is at http://www.rallydev.com.

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