Websense reports lower Q4 net income, provides outlook for Q1

Websense, Inc., a provider of web security, email security, mobile security, and data loss prevention solutions, has reported that net income for the fourth quarter ended December 31, 2012 was $3.81 million, or $0.10 per share, compared to $10.37 million, or $0.27 per share, for the same quarter ended December 31, 2011. For the first quarter of 2013, the company expects revenues to be in the range of $84 million to $87 million.

Total revenues for the fourth quarter ended December 31, 2012 were $91.7 million, compared to $92.73 million, for the same quarter ended December 31, 2011.

Net income for the year ended December 31, 2012 was $18.35 million, or $0.49 per diluted share, compared to $30.99 million, or $0.76 per diluted share, for the year ended December 31, 2011.

Total revenues for the year ended December 31, 2012 were $361.46 million, compared to $364.18 million, for the year ended e December 31, 2011.

For the first quarter of 2013, the company expects non-GAAP earnings per diluted share to be in the range of $0.15 to $0.19

For the year 2013, the company expects revenues to be in the range of $351 million to $361 million and non-GAAP earnings per diluted share to be in the range of $0.78 to $0.93.

John McCormack, Websense CEO, said: "Our record fourth quarter billings demonstrate the success of our strategic initiatives and the Websense TRITON platform. The strength in the quarter was driven by a 23 percent year-over-year increase in TRITON solution billings and double-digit year-over-year growth in new customer sales. These results confirm the traction we have established in the content security market as we evolve our web, email, mobile and data security solutions. Looking to the future, we are focused on continued growth, consistent execution, and extension of the TRITON platform ecosystem through strategic partnerships."