Rally Software 2014 Q3 revenue up 30%

Rally (NYSE: RALY) has reported third quarter 2014 subscription and support revenue of USD14.9m, an increase of 30 percent over the same period one year ago. Total revenue increased 28% over the same period one year ago to USD18.9m.

GAAP gross margin for the quarter was 76% as compared to 78% from the same period one year ago. Excluding stock-based compensation and amortization of acquired intangible assets, non-GAAP gross margin for the quarter was 77% as compared to 78% from the same period one year ago.

The company increased total paid seats by 5,700 in the quarter, bringing total paid seat count to nearly 198,000.

Rally Software is a leading global provider of cloud-based solutions for managing Agile software development.

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