San Diego Business Journal

Websense Net Income Increases

By Mike Allen Tuesday, July 31, 2012

Websense Inc., the San Diego maker of web security software, reported second quarter net income of $7.9 million, compared with net income of $4.4 million in the like quarter of 2011.

Revenue for the quarter was $89.9 million, down from the prior year’s second quarter when it did $90.7 million in revenue.

The company said it anticipates generating annual revenue for all of 2012 in a range of $359 million to $363 million, and earnings per share from $1.50 to $1.57.

After the results were released, shares of the company, traded under WBSN on Nasdaq, fell 8 percent but rebounded to close three days later at $15.41. Shares have ranged from $14.26 to $23.18 over the past 52 weeks. For the full year, the stock is down by 33 percent.

— Mike Allen