SOFTWARE INDUSTRY NEWS

Websense reports fourth quarter and 2009 billings
07 January 2010 , Written by Dhruv Tanwar
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Websense, Inc. said its fourth quarter billings were around $118 million, while full year 2009 billings were approximately $352 million. Billings guidance issued by the company previously was $106 to $116 million for the fourth quarter and $340 to $350 million for the year.

Average contract duration was approximately 24 months for the fourth quarter, while currency exchange rates had a positive impact on billings of approximately $4 million in the fourth quarter of 2009 as against the prevailing currency exchange rates for the same period in 2008. Websense said cash flow from operations for the fourth quarter is expected to exceed $25 million, generating full year operating cash flow in excess of $90 million, compared to guidance of more than $80 million.

"We saw strong demand for our new Web Security Gateway and appliances, combined with historically consistent renewal performance for our legacy web security and filtering solutions," said Gene Hodges, Websense chief executive officer. "We have, for five quarters now, seen growing demand for our strategic products in both our installed base and with new customers, and we are confident this trend will continue. Incremental business, which consists primarily of our market leading Web security gateway, SaaS security and data loss prevention solutions, was approximately $31 million in the quarter, compared to approximately $22 million in the fourth quarter of 2008."

The company plans to release complete fourth quarter and fiscal year results after the market close on Tuesday, February 2, 2010.

Websense, Inc. said its fourth quarter billings were approximately $118 million, while full year 2009 billings were approximately $352 million.

 

Websense, Inc. said its fourth quarter billings were around $118 million, while full year 2009 billings were approximately $352 million. Billings guidance issued by the company previously was $106 to $116 million for the fourth quarter and $340 to $350 million for the year.

 

Average contract duration was approximately 24 months for the fourth quarter, while currency exchange rates had a positive impact on billings of approximately $4 million in the fourth quarter of 2009 as against the prevailing currency exchange rates for the same period in 2008. Websense said cash flow from operations for the fourth quarter is expected to exceed $25 million, generating full year operating cash flow in excess of $90 million, compared to guidance of more than $80 million.

 

"We saw strong demand for our new Web Security Gateway and appliances, combined with historically consistent renewal performance for our legacy web security and filtering solutions," said Gene Hodges, Websense chief executive officer. "We have, for five quarters now, seen growing demand for our strategic products in both our installed base and with new customers, and we are confident this trend will continue. Incremental business, which consists primarily of our market leading Web security gateway, SaaS security and data loss prevention solutions, was approximately $31 million in the quarter, compared to approximately $22 million in the fourth quarter of 2008."

 

The company plans to release complete fourth quarter and fiscal year results after the market close on Tuesday, February 2, 2010.
 

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