Websense, Inc. (NASDAQ:WBSN) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Websense, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 44.44% to $0.20 in the quarter versus EPS of $0.36 in the year-earlier quarter.
Revenue: Decreased 2.26% to $87.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Websense, Inc. reported adjusted EPS income of $0.20 per share. By that measure, the company beat the mean analyst estimate of $0.17. It beat the average revenue estimate of $85.8 million.
Quoting Management: “Our first quarter results reflect the continued strength of our Websense® TRITON® solutions, which increased 11.6 percent year-over-year and represented 67 percent of total billings in the quarter,” said John McCormack, Websense CEO. “We are particularly pleased with the 19 percent increase in transactions greater than $100k. This demonstrates the strength of our core business and the appeal of TRITON to our larger enterprise target customers. Our recent sales expansion is already showing benefits with an increased sales pipeline for the second quarter and the rest of the year. We remain confident in our ability to execute successfully on the growing market opportunity for advanced security solutions, and to deliver sustained and profitable billings growth.”
Key Stats (on next page)…