SOFTWARE INDUSTRY NEWS

ArcSight reports fiscal third quarter 2010 results

05 March 2010 , Written by Dhruv Tanwar
Bookmark and Share


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.

arcsight_logo
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.
 

LISTS AND RESEARCH

  • list Global Software Top 100 - Edition 2011
    • The Global Software Top 100 is a list of the world's largest software companies, ranked by annual software revenues. The list is based upon revenue information of 10,000+ IT companies worldwide.
  • Software industry trends (2011)
    • This research article (accompanying the Global Software Top 100) describes changes in the software industry playing field. It analyses trends and key players and forecasts future developments.
  • Top hardware companies
    • A list of the world's largest hardware companies.
  • What happens in the hardware industry?
    • Trends and analysis of the hardware industry and its key players.
  • Top IT services companies
    • A list of the world's largest IT services companies, ranked by annual services revenues. This link will take you to www.servicestop100.org.
  • IT services companies: healthy growth
    • What is happening in the IT services industry? Read this research publication to find out about trends and key players in the IT services industry.
  • Top gaming companies (2010)
    • Entertainment is good business, and gaming software companies are growing faster than the rest of the software industry. This research article discusses trends and key players in the gaming business.
  • Top ERP companies
    • A research publication about the world's leading players in enterprise software.
  • Top security software companies
    • A research publication discussing the world's leading publishers of security software: antivirus-, spamfiltering-, intrusion detection- and firewall software.
  • The fastest growing software companies
    • This research publication reveals the fastest growing software companies in the world.
  • CRM companies: a short list
    • A short list of the leading software companies selling Customer Relationship Management software; aimed at IT managers looking to purchase CRM software.
  • Top software companies in the US (2010)
    • A list of the largest software companies in the United States, ranked by annual software revenues. 2010 Edition, posted 15 December 2010.
  • U.S. software industry trends (2010)
    • A research publication discussing the trends and the key players in the software industry in the United States. Posted 15 December 2010.
  • Top companies in the world (not just software)
    • A general list of the largest companies in the world, ranked by revenues. Not just software companies; in fact, there are no software companies in it...
  • Top IT companies
    • A list of the largest IT companies in the world, ranked by annual revenues. Includes hardware, software and services.

POPULAR NEWS

RECENT NEWS