Websense Inc. to Exceed Earnings Estimates for Fiscal Third Quarter 2001 Friday 5 October 2001 PDF Print SAN DIEGO, Oct. 3, 2001 - Websense Inc. (NASDAQ: WBSN), the world's leading provider of employee Internet management (EIM) software, today announced it expects pro forma earnings results for the third quarter ending Sept. 30, 2001, to be higher than originally anticipated and in excess of $0.06 per share. These results would be substantially better than the current consensus pro forma estimate of $0.02 per share. Websense also anticipates revenue for the third quarter to exceed $9.5 million, representing sequential quarterly growth of approximately 16 percent, and total deferred revenue to exceed $35 million. This would generate more than $5 million in Q3 positive cash flow. With this third quarter contribution, Websense expects to have approximately $94 million in cash and cash equivalents on its balance sheet at Sept. 30, 2001 (approximately $4.10 per share) and no debt. "Our subscription business model, by which customers subscribe to our database on a pre-paid, one-, two- or three-year basis, insulates Websense to many of the difficulties that other software companies are experiencing at this time," said John B. Carrington, Websense Inc. chairman and CEO. "We continue to see steady demand for our core product, Websense Enterprise. We believe that Websense's financial viability makes our software appealing to customers who need stability from their suppliers to ensure that services they have purchased are provided over the long term. It also appears that companies need an EIM system more than ever before - and customers choose strong suppliers in a difficult economy." The company will provide a more detailed outlook during its third- quarter conference call, scheduled for Oct. 23, 2001, at 4:30 p.m. Eastern Standard Time. About Websense Inc. Websense Inc. (NASDAQ: WBSN) is the worldwide leader of employee Internet management (EIM) solutions. Websense Enterprise software enables businesses to manage how their employees use the Internet. This supports an organization's efforts to improve employee productivity, conserve network bandwidth and storage costs, and mitigate legal liability. As of June 30, 2001, the company serves more than 14,000 customers worldwide, ranging in size from 100-person firms to global-sized corporations. These include 250 of the Fortune 500, 69 of the Nikkei 225 and 42 of the FTSE 100, encompassing more than 8.9 million customer seats, pre-paid on a subscription basis. Websense is listed on the year 2001 Software 500 ranking and has been honored by the Deloitte & Touche "Technology Fast 50" program. The company also has strategic technology relationships with CacheFlow (NASDAQ: CLFO), Check Point (NASDAQ: CHKP), Cisco (NASDAQ: CSCO), Inktomi, Microsoft (NASDAQ: MSFT), Network Appliance (NASDAQ: NTAP), and others. For more information, visit http://www.websense.com Except for the historical information contained herein, this press release contains forward-looking statements, including statements containing the words "planned," "expects," "believes," "strategy," "opportunity," "anticipates" and similar words. Such forward-looking statements are subject to known and unknown risks, uncertainties or other factors that may cause the company's actual results to be materially different from historical results or any results expressed or implied by such forward-looking statements. We assume no obligation to update any forward-looking statements to reflect events or circumstances arising after the date hereof. The potential risks and uncertainties which could cause actual growth and results to differ materially include but are not limited to, customer acceptance of the company's services, products and fee structures, the success of the company's brand development efforts, the volatile and competitive nature of the Internet industry, and changes in domestic and international market conditions, and foreign exchange rates. Further information on the factors and risks that could affect Websense's business, financial condition and results of operations are included under the "Risk Factors" or "Factors Affecting our Operating Results" sections of Websense's public filings with the Securities and Exchange Commission, available at (http://www.sec.gov). Yvonne Eskenzi Eskenzi PR Tel: ++44(0)20 8449 8292 Fax: ++44(0)20 8440 4449 Yvonne@eskenzi.demon.co.uk This press release was distributed by ResponseSource Press Release Wire on behalf of Eskenzi PR in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.