San Diego Business Journal

Websense Reports Higher Profits, Revenues

Thursday, February 2, 2012

Websense Inc., a San Diego provider of Internet security software, reported Jan. 31 that its fourth-quarter net income was $10.4 million, compared with net income of $8.9 million in the like period of 2010. Revenue for the quarter was $92.7 million, up from $86.4 million in the like quarter of 2010.

For the full year, Websense reported net income of $31 million on revenue of $364.2 million, compared with net income of $18.7 million on revenue of $332.8 million in 2010.

CEO Gene Hodges said sales in its domestic enterprise markets were strong, offsetting a weakness in its European markets, reflecting that region’s continued economic uncertainty. The company’s Triton product accounted for the majority of billings.

Websense forecast first-quarter revenue ranging from $88 million to $91 million, and operating earnings per share of 30 cents to 34 cents. For the full year, it estimates revenue of $364 million to $374 million, and operating earnings per share of $1.50 to $1.65.

In midday Feb. 1 trading on Nasdaq, shares of Websense, traded under WBSN, were at $17.95, down 5 percent from the prior day’s closing price. The stock’s 52-week range was $15.50 to $27.96.

— Mike Allen