Rally posts 2Q loss while setting revenue record

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

The Boulder-based software developer recorded revenue of $21.5 million, a 9 percent increase compared with the same period a year ago. It reported a loss of $8.9 million, or 36 cents per share, compared with a loss of $2.3 million, or 9 cents per share, for the same period a year ago.

“Our second quarter saw record revenue and we outperformed against our revised outlook,” Rally’s chairman and chief executive Tim Miller said…