SAN DIEGO, Feb. 16 /PRNewswire-FirstCall/ -- Websense, Inc.
(Nasdaq: WBSN), the world's leading provider of employee internet management
software, today hosted a meeting for financial analysts in conjunction with
the 2005 RSA Security Conference in San Francisco. At the meeting, management
discussed the company's transition from a web filtering company to a web
filtering and web security company, as well as the introduction of the
company's new security suites and support for the latest version of Cisco's
PIX firewall platform.
Also at the meeting, management reiterated first quarter guidance for
billings of $33.5 million to $34.5 million and guidance for first quarter
subscription revenue of $33 million to $34 million. Based on this level of
revenue and current expectations for expenses, the company indicated it now
expects earnings per diluted share to be 34 cents, compared to prior guidance
of 33 cents.
A replay of the audio portion of the meeting will be available on the
company's website at http://www.websense.com/investors within 24 hours.
Non-GAAP Financial Measures
This press release includes financial measures for billings that are not
numerical measures that can be calculated in accordance with generally
accepted accounting principles (GAAP). Websense has provided this measurement
in press releases reporting financial performance, presently and in the past,
because this measurement provides a consistent basis for understanding the
company's sales activities in the current period. The company believes the
billings measurement is useful to investors because the GAAP measurements of
revenue and deferred revenue in the current period include subscription
contracts commenced in prior periods. A reconciliation of historical billings
and deferred revenue is available on the investor relations section of the
company's website.
About Websense, Inc.
Websense, Inc. (Nasdaq: WBSN), the world's leading provider of employee
internet management solutions, enables organizations to optimize employee use
of computing resources and mitigate new threats related to internet use
including instant messaging, peer-to-peer, and spyware. By providing usage
policy enforcement at the internet gateway, on the network and at the desktop,
Websense products enhance productivity and security, optimizes the use of IT
resources and mitigates legal liability for our customers. For more
information, visit http://www.websense.com.
(C) 2005, Websense, Inc. All rights reserved. Websense and Websense
Enterprise are registered trademarks of Websense, Inc. in the United States
and certain international markets. Websense has numerous other unregistered
trademarks in the United States and internationally. All other trademarks are
the property of their respective owners.
This press release contains forward-looking statements that involve risks,
uncertainties, assumptions and other factors which, if they do not materialize
or prove correct, could cause Websense's results to differ materially from
historical results or those expressed or implied by such forward-looking
statements. All statements, other than statements of historical fact, are
statements that could be deemed forward-looking statements, including
statements containing the words "planned," "expects," "believes," "strategy,"
"opportunity," "anticipates" and similar words. These statements may include,
among others, plans, strategies and objectives of management for future
operations; any statements regarding proposed new products, services or
developments; any statements regarding future economic conditions or financial
or operating performance; statements of belief and any statements of
assumptions underlying any of the foregoing. The potential risks and
uncertainties which contribute to the uncertain nature of these statements
include, among others, customer acceptance of the company's services, products
and fee structures; the success of Websense's brand development efforts; the
volatile and competitive nature of the Internet industry; changes in domestic
and international market conditions and the entry into and development of
international markets for the company's products; risks relating to
intellectual property ownership; and the other risks and uncertainties
described in Websense's public filings with the Securities and Exchange
Commission, available at (< http://www.sec.gov >). Websense assumes no
obligation to update any forward-looking statement to reflect events or
circumstances arising after the date on which it was made.
INVESTOR CONTACT:
Kate Patterson
Websense, Inc.
(858) 320-8072
kpatterson@websense.com
MEDIA CONTACT:
Brigitte Engel
Websense, Inc.
(858) 320-9270
bengel@websense.com
SOURCE Websense, Inc.
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Related links:
http://www.websense.com/investors
http://www.websense.com
CONTACT:
Investors, Kate Patterson, +1-858-320-8072,
kpatterson@websense.com, or Media, Brigitte Engel,
+1-858-320-9270, bengel@websense.com, both of Websense, Inc.
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