Wednesday, April 8, 2009
Websense Sees Strong Q1
San Diego-based Websense, a developer of web filtering and security products, said yesterday afternoon that the firm has seen "strong cash flow" in the first quarter. Bucking the overall economy, the firm said that it is increasing its expected, full-year cash flow from operations. The firm said that the growth for the quarter came from its new Web security products, along with growth in the number of the firm's enterprise customers. The strong results came despite a soft information technology industry. In addition to the strong results, Websense said that it is "confident" it can achieve its financial guidance for 2009. The firm said that for the full year, it expects billings of $365 to $375M; first quarter revenues are expected to be between $80.5 to $81.5M.