As both business and technological environments change at an increasing rate, flexibility and emotional intelligence have become critical issues for project management. Even though previous research has examined the relationship between team flexibility and team performance and that between the emotional intelligence of teams and team outputs, there remains a gap in literature in respect to a holistic model. Accordingly in this paper, we examine the relationships among software team flexibility, emotional intelligence, and software project outputs (market success, speed to market, and the functionality of the new software product) using survey data from 86 software development projects. The results reveal positive a relationship between the diversity dimension of software project team flexibility and emotional intelligence. The first dimension of software team flexibility, team autonomy, positively affected market success, speed to market, and software functionality, whereas the second dimension, team diversity, positively affected only speed to market and software functionality. The emotional recognition of team members for both themselves and their teammates appears to be another important factor affecting the speed to market and functionality of the new software products. Managerial and theoretical implications of the study are discussed.