|
05 March 2010 ,
Written by Dhruv Tanwar
|
|
Security and compliance management company ArcSight has posted total revenues of $46.1 million for the fiscal third quarter and earnings per diluted share of $0.06. The company's revenues jumped 27% year-on-year. GAAP Net Income was $2.2 million, or $0.06 per diluted share, and positive cash flows from operations was $23.2 million.
 In its financial results for its fiscal third quarter ended January 31, 2010, ArcSight reported total revenues of $46.1 million compared to total revenues of $36.4 million reported in the third quarter of fiscal 2009. Net income for the quarter of fiscal 2010 was $2.2 million, or $0.06 per diluted share, including $223,000 in amortization of intangible assets and $2.8 million in stock-based compensation expense. GAAP net income during Q3 of fiscal 2009 was $5.1 million, or $0.15 per diluted share, including $210,000 in amortization of intangible assets and $1.7 million in stock-based compensation expense.
During the third quarter of fiscal 2010, the company generated $23.2 million in cash from operations and closed the third quarter with cash, cash equivalents and short term investments of $131.8 million.
Tom Reilly, president and CEO of ArcSight said that he believed the long-term growth opportunities in the public sector and emerging regulations in healthcare and critical infrastructure verticals “will continue to fuel investments in security and compliance solutions."
Outlining its expectations for the fourth quarter that would end April 30, 2010, ArcSight said that based on current business trends and the visibility the company has from third quarter performance, it expects revenue to be in the range of $48 million to $52 million, representing growth in the range of 22-32% over the same quarter of fiscal 2009. For the full fiscal year that also ends April 30, 2010, ArcSight said it expects revenue to be in the range of $174.2 million to $178.2 million. |