SmarTrend(R) News Watch: Websense Reports Preliminary Q2 Results

Websense (NASDAQ:WBSN) announced preliminary Q2 results Wednesday, anticipating revenues between $83.9 million and $84.2 million (vs. consensus estimates of $84.6 million). Websense also said it expects to report Q2 EPS between 30 cents and 32 cents (vs. consensus estimates of 30 cents). "We experienced a greater impact from recessionary global economic conditions in the second quarter of 2009. The impact was concentrated primarily in our renewing Web filtering customers, especially outside the U.S.," said Gene Hodges, Websense Chief Executive Officer. "However, our second quarter results show continued momentum for our new Web security products, including the Websense Web Security Gateway and the V10000 secure Web gateway appliance, from both new and upgrading customers. We continue to believe that our strategy of delivering essential information protection from inbound threats and outbound leaks is aligned with market requirements, which is demonstrated by the growth in demand for our Web security gateway and data loss prevention solutions."

Write to Chip Brian at cbrian@tradethetrend.com

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