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…