Yes, you've read it correctly. Production I.G executives confirmed that PSYCHO-PASS' second season is on its way.
Since it was that time of the year - Anime Expo in LA and Paris - some news was bound to get from one of the more popular studios. As it turns out the popular studio in question was Production I.G and PSYCHO-PASS was the anime getting the attention. The recent psychological sci-fi thriller has already been licensed by Funimation, with releases expect Spring 2014, and is now getting a sequel.
It's not too surprising when you look at the decent commercial success the series has enjoyed. Relatively good BD/DVD sales as well as a manga adaptation that's selling nicely, make it a logical choice for I.G. That and their new Ghost In The Shell OVA's coming back, thus inspiring a return to the sci-fi thriller for the studio.
Details are yet to come, but more PSCHO-PASS is not a bad thing. The big question is how it will continue. Nothing was 100% conclusive in the season finale, but there was a sense of finality. The expectation now would be for the story to start with Akane hunting down Kougami or teaming up with him when a new villain shows up.
Whatever the scenario may be, it's hard to say how well it will turn out. Personally, I'm placing a fair amount of faith in it.