Websense, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total revenues of $87.495 million compared to $89.524 million a year ago. Income from operations was $3.487 million compared to $10.727 million a year ago. Income before income taxes were $2.474 million compared to $9.819 million a year ago. Net income was $2.772 million or $0.08 per diluted share compared to net loss of $1.833 million or $0.05 per diluted share a year ago. Net cash provided by operating activities was $29.199 million compared to $22.356 million a year ago. Purchase of property and equipment was of $2.851 million compared to $2.784 million a year ago. Non-GAAP income from operations was $9.983 million compared to $17.791 million a year ago. Non-GAAP net income was $7.313 million or $0.20 per diluted share compared to $13.723 million or $0.36 per diluted share a year ago. The company provided earnings guidance for the second quarter and full year of 2013. For the quarter, the company expects revenues in the range of $86 million to $89 million, non-GAAP operating margin in the range of 9% to 12%, non-GAAP earnings per diluted share in the range of $0.17 to $0.21, non-GAAP effective tax rate of 19%, cash flow from operations of $9 million to $11 million and capital expenditure of approximately $4 million. For the year, the company expects revenues in the range of $351 million to $361 million, non-GAAP operating margin in the range of 11% to 13%, non-GAAP earnings per diluted share in the range of $0.78 to $0.93, non-GAAP effective tax rate of 19%, cash flow from operations of $66 million to $76 million and capital expenditure in the range of $15 million to $17 million.

Websense, Inc., Q1 2013 Earnings Call, Apr 25, 2013

Websense, Inc. announced that they will report Q1, 2013 results at 5:00 PM, Eastern Standard Time on Apr 25, 2013