Rally reports 3Q loss while setting revenue record

BOULDER – Rally Software Development Corp. (NYSE: RALY) posted record revenue but still incurred a loss for the third quarter of its fiscal year 2015 that ended Oct. 31.

The Boulder-based software developer reported revenue of $22 million, an increase of 17 percent compared with the same period a year ago. It recorded a loss of $7.4 million, or 29 cents per share, compared with a loss of $5.8 million, or 24 cents per share, for the same period a year ago.

“Our record third-quarter revenue results highlight the progress we’ve made in improving our performance across the business,” Tim Miller, Rally’s…