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Websense reports second quarter 2010 results |
Websense has reported its financial results for the second quarter of 2010.
 Revenue, increased to $81.9 million, or 5.2 percent, from $77.8 million in the second quarter of 2009. Operating income was $7.1 million, an increase of 408 percent compared with $1.4 million in the second quarter of 2009. Net income was $3.1 million, or seven cents per diluted share, compared with $3.3 million, or seven cents per diluted share, in the second quarter of 2009. Deferred revenue increased $41.2 million, or 12.3 percent, from the second quarter of 2009 to $376.8 million. Cash flow from operations during the second quarter of 2010 was $14.4 million, an increase of 158 percent compared with $5.6 million in the second quarter of 2009.
Cash and cash equivalents of $82.2 million, compared with $75.6 million at the end of the second quarter of 2009. During the quarter, the company repurchased approximately 907,000shares of its common stock for approximately $20 million under a10b5-1 stock repurchase plan and discretionary purchases. The company repaid an additional $5 million on its term loan during the quarter, reducing the term loan to $70 million as of June 30, 2010.
In its outlook for Fiscal Year 2010, Websense anticipates revenue between $329 - $331 million, and cash flow from operations of $96 - $102 million along with capital expenditures of $9 - $10 million. For the third quarter, it anticipates revenues of $82 - $84 million.
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